People in their 20s, 30s and 40s can expect to work for longer before they can claim a state pension.
In the Autumn Statement, the Chancellor indicated that the pension age would rise to 68 by the mid 2030s, and 69 in the mid 2040s.
How could these changes affect us, as individuals and a society?
It was a topic for debate on this month's Around The House, with the Conservative MP for Penrith and the Border Rory Stewart, the Sunderland Central Labour MP Julie Elliott and the Redcar Liberal Democrat Ian Swales.
People around the world have been mourning the death of the former South African president Nelson Mandela. The freedom campaigner touched the lives of people in our region too.
Mandela was instrumental in bringing the two suspects to court in the Lockerbie bombing. And at the height of the struggle against apartheid, Cumbria became the first shire county in England to adopt a formal declaration against the regime in South Africa.
South African flag flying at half-mast alongside the Saltire outside Scottish Government headquarters http://t.co/B3D7S5Ar4G
First Minister Alex Salmond said:
“The death of Nelson Mandela marks the passing of a great statesman and a global icon, so it is only appropriate that we here in Scotland, a land Mr Mandela had great affinity with, mark his passing appropriately.
“That is why I have today instructed that the South African national flag should fly at half-mast alongside the Saltire outside St Andrew's House in Edinburgh.
“The whole world is marking the loss of a great leader – all of Scotland feels that loss, and we join the people of South Africa in particular in marking Mr Mandela’s passing.”