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We believe that's the wrong approach - if you are changing the pension, change it for all older people".
George Osborne's pension change will unlock more cash each year, and increase the unaffordability of housing.
In other areas of substantial pension change, plenty of notice has been given so that people can plan.
He did not mention 1995, when widespread protests caused the government to drop an earlier pension change.
A19 Britain Mulls Pension Change An authoritative panel urged that Britain's retirement age be raised to 67 from 65, and possibly higher, as part of several major pension change.
That is a victory for the company, the nation's biggest military contractor, which had pushed for the pension change to cut costs as military budgets decline.
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Appearing alongside the Tory leader, Chancellor George Osborne described pension changes as "far-reaching reforms" offering "unprecedented freedoms" over pensioners' savings.
Gordon Brown did it with his pension changes, while George Osborne shaved £11bn off the annual welfare bill by changing the uprating from RPI to CPI in 2011.
What about pension changes?
The pension changes approved today are cautious.
Federal regulators must also approve the pension changes.
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CEO of Professional Science Editing for Scientists @ prosciediting.com