I would guess so the amount of people wanting the pension will be less & for a shorter time because your lump sum will last you longer & you wont pass the assets test

: ...... hey you asked i know what theyre doing its not my fault you were born 25 years too late .. chances are i wont be getting a pension either for a number of reasons im sure
when i apply they will throw me a pensioner travel card & tell me to piss off . .The best thing you can do is prepare for the inevitable & be thankful they are making you pay extra for your retirement because most wouldnt & would be screwed when they reached retirement age .