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Raising pension age to 70 blasted in new report
Raising pension age to 70 blasted in new report
This is a duplicate of the Blog Entry made on: 4th January 2017 19:12
This is a duplicate of the Blog Entry made on: 4th January 2017 19:12
...........highlighting UK's growing rich-poor divide among an ageing population
The idea of raising the pension age in Britain to 70 has been slammed by a leading industry body. The Pensions and Lifetime Savings Association has called for no further increases stating that it would cause 'unacceptable detriment' to a large swathe of society - especially those with a low life expectancy and in poor health. It comes in response to one of the two major reports that the Government has commissioned into the future of the state pension age from expert bodies, as it prepares for a review. The PLSA was responding to the independent review by Sir John Cridland, a separate review by the Government Actuary Department is also being carried out. In November, Steve Webb, the Liberal Democrat former pensions minister, claimed that he found out about planned pension-age rises buried in Department for Work and Pensions documents. Under current plans the state pension age will hit 68 in 2044. According to Webb, this could then rise again to 70.....Read more here
- The PLSA has called for no further increases in the UK's state pension age
- It says further hikes would cause 'major damage' to a large swathe of society
- A report states age rises would especially impact low income areas
The idea of raising the pension age in Britain to 70 has been slammed by a leading industry body. The Pensions and Lifetime Savings Association has called for no further increases stating that it would cause 'unacceptable detriment' to a large swathe of society - especially those with a low life expectancy and in poor health. It comes in response to one of the two major reports that the Government has commissioned into the future of the state pension age from expert bodies, as it prepares for a review. The PLSA was responding to the independent review by Sir John Cridland, a separate review by the Government Actuary Department is also being carried out. In November, Steve Webb, the Liberal Democrat former pensions minister, claimed that he found out about planned pension-age rises buried in Department for Work and Pensions documents. Under current plans the state pension age will hit 68 in 2044. According to Webb, this could then rise again to 70.....Read more here
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