Calls for pensionable age to rise

Professional Adviser
clock

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •