A thorny issue

It is well known that people are on average living much longer lives. This is causing particular problems in the field of pension provision. On the State side where tax and National Insurance payers provide the incomes of those who have retired on a 'pay as you go' basis, the ratio of payers to receivers is in steady decline. Rising longevity The 'pension crisis' has prompted the Government to announce various defensive measures, many of them intended to encourage people to continue working and earning for longer than before. The decision to raise the State retirement age for women to m...