pensions policy institute believes saving more over a longer period is only solution to crisis
Upping the State pension age to 70 would close the pensions savings gap and allow State pension benefits to be raised, according to a report from the Pensions Policy Institute (PPI). Alison O'Connell, author of the paper and director of the PPI, said the UK cannot afford to avoid a debate on raising the State pension age. O'Connell said: 'There are only two ways out of the pensions crisis: saving more or working and saving longer. Working longer is the more attractive solution for many people, and it fits in with the fact that we are all living longer.' Compelling reasons for a debat...
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