Longer working lives essential to sustainable pension system - OECD

Speaking at the launch of the inaugural Pensions Outlook 2012 report, OECD pensions expert Ed Whitehouse pointed to a clear trend towards increasing retirement ages across OECD countries. While countries such as the UK have already moved towards a retirement age of 68 it is closely followed by US, Spain and Norway who have implemented an age of 67. Only three countries (France, Slovak Republic and Slovenia) now have pension ages of less than 65. The report highlighted key recommendations to strengthen pension provision. These recommendations include: • The need for long term ...