Government reviews recommend later retirement age

Cridland and DWP reports

clock
John Cridland: "State Pension age should rise to 68 between 2037 and 2039"
Image:

John Cridland: "State Pension age should rise to 68 between 2037 and 2039"

Two reports for the government published today - one by John Cridland, the other an analysis for the Department for Work and Pensions (DWP) - have raised the prospect of millions of people working longer to qualify for a state pension.

The report by Cridland (pictured) - a former head of the CBI, who was appointed to review the State Pension age in March 2016 - has proposed those under the age of 45 may have to work a year longer than...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

MPs tell FCA to research tax-free pension lump sum 'decoupling'

MPs tell FCA to research tax-free pension lump sum 'decoupling'

Further research and testing

clock 18 January 2022 • 2 min read
The government has responded to its stronger nudge consultation

DWP steps up nudge programme to push savers onto Pension Wise

Minister plans to make Pension Wise guidance more accessible for those who want it

Holly Roach
clock 17 January 2022 • 3 min read
"The Coronavirus Act 2020 includes provisions to allow the extension to any of the powers contained within the bill and this issue should be raised urgently in government," said Graham Crossley, NHS pension specialist at Quilter.

End of Covid pension rules could see 7,000 NHS staff retire in March - Quilter

'Urgent action needed'

clock 17 January 2022 • 2 min read