Retirement age must rise says PPI

The Pensions Policy Institute is today calling for the retirement age to be raised to 72-75 years of age to ensure that pensioners are guaranteed enough income on which to live comfortably. It argues that as other countries such as the US, Germany, and Australia have already increased their state retirement age to 67 or beyond it is increasingly important to ask the question whether the UK should follow suit. Benchmarked against life expectancy, the PPI says 90% of people are now living to the state retirement age of 60 currently in place, compared to just 66% in 1950 when the...