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Phase out the default retirement age

We will phase out the default retirement age and hold a review to set the date at which the state pension age starts to rise to 66, although it will not be sooner than 2016 for men and 2020 for women. We will end the rules requiring compulsory annuitisation at 75.

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The Coalition: Our programme for government
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Society
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23. Pensions and older people
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Phase out the default retirement age
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Greater flexibility to access part of personal pension fund early
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Make fair and transparent payments to Equitable Life policy holders
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Protect key benefits for older people
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Restore the earnings link for the basic state pension
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Review the long-term affordability of public sector pensions
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Simplify the rules and regulations relating to pensions
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