Age concern

The debate about the State retirement age has been raging for many years, and we are all aware of the significant demands placed on the current workforce in order to pay for those already retired. With an ageing population in the UK, this issue is set to intensify. The pensions gap is estimated to be on such a scale that £27bn is likely to be a conservative forecast. With recent estimates of company pension schemes suffering from a £55bn shortfall, this backs up proposals to raise the state retirement age to 70, for both men and women. According to the 2001 Census, the population has a...