I stuck with conservative GNU/Linux distros (Centos or Debian stable) which don't let you update to a more current LAMP-stack packages. No, don't want to compile source code. What should I do?
For Debian stable, use Dotdeb. For Centos, use IUSCommunity. IUS stands for Inline with Upstream Stable. This third party RPM repository is "sponsored by internal work at Rackspace (but officially unsupported)"
What if I stuck with hosting panel like cPanel, Plesk, or Direct Admin?
Pray hard. Pray very hard. You're at the mercy of your hosting provider.