Labour minister Liz Kendall announces review of state pension age
It comes in a major speech where the senior cabinet minister warned that the cost of the triple lock guarantee on the state pension is £31bn a year.
The triple lock, which was introduced by David Cameron's government in 2010, means that the state pension either rises by 2.5 per cent or the highest rate of inflation whichever is higher to keep up with the cost of living.
Speaking in central London this morning where she was relaunching the Pensions Commission, Ms Kendall warned of a growing threat of pensioner poverty unless there was major reform to the system.
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