Raising pensionable age from 65 to 70 would make the state pension system more sustainable says Britain's biggest p...
Raising pensionable age from 65 to 70 would make the state pension system more sustainable says Britain's biggest pensions body.
The National Association of Pension Funds is reported in The Guardian (p1) as saying that as life expectancy increases it is unrealistic for people to live comfortably for perhaps 30 years on funds built up during working life.
Delaying pensionable status until the age of 70 would also give people paying workplace pension schemes the time to build up a bigger fund.
However Age Concern said it would just mean an extra five years of work for many while the National Pensioners Convention said the answer was to halt the attrition of the£66.75 basic state pension.