§ Lord Vinson
asked Her Majesty's Government:
Further to the Written Answer by the Baroness Hollis of Heigham on 13 May (WA 24), whether, when offering old age pensioners the opportunity to postpone their pension until 70, they will make clear that the pensioner will not recover the pension forgone until they reach the age of 84, beyond their estimated expectation of life. [HL4789]
§ The Parliamentary Under-Secretary of State, Department for Work and Pensions (Baroness Hollis of Heigham)
People defer taking their state pension for a variety of reasons and it is their choice. We have advised in our literature that people who are considering deferring should seek independent financial advice.