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Story summary
- The pension review will raise the state pension age to 68 by 2044-46, seven years earlier than planned.
- Treasury officials say the change will save about £6 billion a year from 2037.
- Five million people born April 1977-April 1978 will work an extra year and lose roughly £12,500 each.
- Sir Steve Webb warned the move will test Prime Minister Andy Burnham and will need clear legislation soon.
