Life expectancy divides highlight pension age issues
www.moneynews.co.uk > Pensions calculator > Life expectancy divides highlight pension age issues
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Money News |
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Life expectancy divides highlight pension age issues
Thu 20th Oct 2011
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TUC general secretary Brendan Barber has argued life expectancy is growing at half the rate for the country's less well-off sections of society in comparison to the most wealthy, with individuals in areas like Glasgow and Blackpool expecting their retirement to be a decade shorter.
He commented: "Ministers need to realise that rapidly accelerating the state pension age may sound sensible for the wealthy elite in Kensington and Chelsea but it is a frightening prospect to the millions of people living further north."
Meanwhile, Steve Webb, minister of state for pensions, recently told listeners to the BBC Radio 4 Money Box podcast pension age for women is set to rise to parity with men by 2018 and then the pension age will increase to 66 for both sexes by 2020.
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