POLL: Should the state pension retirement age be lowered to 63? | Personal Finance | Finance [Video]

Calls have been made for the Department for Work and Pensions to lower the state pension age to 63.

The current state pension age is 66 for men and women but some experts have called on the DWP to considerably reduce it.

The idea was put forward by Steven Cameraon, pensions director at Aegon, with those who cannot work because of ill health or caring responsibilities given the option to take their state pension “up to three years earlier”.

State pension payments are going up 8.5 percent this month in line with the triple lock.

Under the new rates, the full basic state pension is now paying £169.50 a week while the full new state pension is £203.85 a week.

Having to wait until 66 could prove challenging for people with mobility issues or declining health that need access to their State Pension to live comfortably.

Express.co.uk asked the DWPfor a comment on the proposal …