Raising the pension age is a 'net positive'


The government is to speed up plans to raise the state pension age for men to 66, possibly by as early as 2016.

Ministers will also raise the option of extending it further, perhaps to 70 and beyond in the following decades.

The default retirement age of 65 - at which workers can be legally axed by employers - is also set to be axed.

Work and Pensions Secretary Iain Duncan Smith visited an Asda supermarket in London where he explained why the moves are a "net positive".

READ MORE: Pension age could rise from 2016