Government plans to gradually raise the retirement age to 68 may be increased to 70, the head of the Pensions Regulator predicts.
The Pensions Regulator chairman, David Norgrove, says legislation - which is set to increase the retirement age progressively to 68 by 2044 - will go further in the future. Speaking to the BBC Norgrove says: "Given recent legislation is increasing the retirement age progressively to 68, I think it will end up higher than that. "People are going to have to work longer. We as a nation are not going to save as much for retirement as we did in the past." He also warns it would be a "real issue" for the next three decades because the current generation of workers were intimidated by the...
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