Increase in state pension age delivers £11bn savings for govt - Aegon
"Hopefully these increases will not come as a shock and will have been communicated better than to the WASPI women who saw their state pension age increase by five or more years" - Aegon's Steven Cameron
Increases to the state pension age are set to save the government billions of pounds each year due to the fact almost 700,000 people will have to wait longer before benefitting, according to analysis undertaken by Aegon.
Around 670,000 people each year will now have to wait longer before benefitting, which could see the government save some £11bn a year in state pension payments. These savings may well be needed to fund...
More on Pensions
Company boss convicted after refusing TPR info and threatening its staff
'Leave me alone or I will retaliate'
Adrian Boulding: Personalising pensions to engage 'Generation K'
Inspire, engage and stimulate
Four fifths of LISA users also save into workplace pensions
Lisa used as 'top-up'
'Retirement riddle' impacting on retirees' health and wellbeing - L&G
UK's poorest retirees most affected
Richard Parkin: Where next for retirement advice?
Retirement sector trends
More news
AXA IM expands senior roles amid restructure
New organisation
DB schemes to pay out third of a trillion pounds in next three years
£300bn of liabilities
John Husselbee: How to avoid 'FOMO' investing
View from the front row
Advice firm to reimburse client after 'unsuitable' transfer advice
Transfer from occupational scheme
FCA appoints five to Competition Decisions Committee
Appointed by FCA and PSR boards
Back to Top