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The Department for Work and Pensions has been told to allow early State Pension payments. The State Pension age is set to start increasing from 66 to 67 next year, with this transition set to be completed for all men and women across the UK by 2028.

But the Labour Party government is being told to allow premature access. Experts suggest that individuals should receive a minimum of 12 years' advance notice before any State Pension increases, allowing them to prepare accordingly.

An additional recommendation proposes that people should have the option to "take it a little early, subject to a reduction in yearly amount to make it financially fair".

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Steven Cameron, pensions director at Aegon UK, sa

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