Allowing certain groups early access to their state pension could benefit a quarter of a million 'vulnerable' people who may otherwise miss out, a joint paper from the Pensions Policy Institute (PPI) and Age UK has claimed.
The paper, How could the effect of rises in SPA be mitigated for the most vulnerable? argued people from certain geographic areas and socio-economic classes are unlikely to live to meet the increased state pension age. Improvements in life expectancy have led to a rise in the state pension age, which is currently on track to reach 67 by 2028 for both genders. Yet the paper points out how, in central Glasgow, for example, healthy life expectancy at birth is just 55.9 years for men and 58.5 years for women - well below the current state pension age of 65. Manual workers, people with car...
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