Age of retirement 'set to go up across Europe'
www.moneynews.co.uk > Pensions > Age of retirement 'set to go up across Europe'
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Age of retirement 'set to go up across Europe'
Tue 1st Jun 2010
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Robin Ellison, partner at Pinsent Masons, explained that other areas of the continent are in a worse situation than the UK in terms of pension funding.
He highlighted Greece as an example, where the situation is forcing the nation to make changes.
Mr Ellison remarked: "The Greeks have announced they are going up from 55 to 65 because of their problems. So all around Europe, the state pension age is increasing."
In addition to this, he suggested France is biding its time before announcing a rise to the retirement age, since officials are concerned about causing demonstrations.
The Pinsent Masons representative stated the problems are a combination of an ageing population and "insufficient births to replace the people who are dying".
Recent research by Aviva showed that 29 per cent of the population see themselves retiring between the ages of 66 and 70.
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