Experts say the State Pension Age could be set to rise to 70 years old, meaning people will have to work a lot longer before they are able to retire. Chancellor Rachel Reeves has said that a review into raising the state pension age is needed to ensure the system is “sustainable and affordable”.

The Government review is due to report in March 2029 and Ms Reeves said it was “right” to look at the age at which people can receive the state pension as life expectancy increases. The state pension age is currently 66, rising to 67 by 2028 and the Government is legally required to periodically review the age.

Speaking to Newspage, Samuel Mather-Holgate, an independent financial adviser at Mather and Murray Financial , said: “The state pension system is ripe for squeezing, so an increas

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