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Britons will in future be forced to wait until their 70s to collect their state pensions after the Government confirmed a link to life expectancy is imminent.The pension age is already set to rise to 66 by 2020 for both men and women, before hitting 67 by 2028.
Now the Government will use an Office for Budget Responsibility report, due to be published this summer, to create a solid link between the state pension age and rising life expectancy.It is likely see today's 33 year-olds wait until 73 before they get their state pension, experts said.
Andrew Tully, of pensions firm MGM Advantage, said: ‘This should serve as a wake-up call for many people. If people want to stop work at an earlier age they need to review their retirement planning, and take control of their future.’...Read more here
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