Some people may have a protected pension age depending on their scheme.

Anyone who had a protected pension age of 55 before November 4, 2021 should have a right to still access their fund at that age.

Members of the firefighters, police and armed forces have a protected pension age and will therefore not be affected.

The Government states that the increase supports its “fuller working lives” agenda and has indirect benefits to the economy through “increased labour market participation”.