THE PENSIONS AGE review being undertaken by the government has received a jolt with the recommendation from its own experts for either no retirement age or one significantly higher than the current 65.
Pushing the review is pending European anti-age discrimination law, which means a decision has to be made by government on whether employers can set an age limit on their workers. The FT says the issue has divided the Cabinet, and the Pensions Commission has now provided that not-so-helpful advice. The Commission’s chairman Adair Turner says raising the retirement age would have no affect on people’s ability to claim basic state pension because people can already claim that income while still working. AS IF INVESTMENT bankers did not earn enough, now comes news the lock-in deal imp...
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