I am glad former Pensions Minister Baroness Ros Altmann has warned of the potentially huge damage to pension planning a new government move on State Pension Age, literally slipped in to an OBR report, could cause.
Government plans to bring forward the rise in State Pension age to 68 by seven years will hit the poorest and most vulnerable older citizens, former Pensions Minister Baroness Ros Altmann has warned.
The best way of protecting people with shorter life expectancies is to give them a minimum guaranteed payout on their State Pension, says pensions consultancy LCP.
The State Pension Age (SPA) should only increase if there is a corresponding rise in healthy life expectancy, according to pensions sector trade body Pensions UK.
The State Pension age may need to rise as high as 80 to deal with a long term funding crisis, according to new modelling by pension consultants and actuaries Barnett Waddingham.
Work and Pensions Secretary Liz Kendall has confirmed that the third statutory Government review into when and how to raise the State Pension age will begin straightaway.
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