The "logical way" to offer pensions solutions for the UK pension crisis is to increase the state retirement age, the Pension Policy Institute (PPI) believes.
The institute supports the plans suggested by the government to increase the state retirement age as a pensions solution.
The PPI has commented that many Britons would possibly prefer to work until a later age, as demographic and social systems change.
The government was also urged to do more to change how the public view UK pensions and retirement age plans, in particular the belief that increased retirement age means to "work till you drop".
The organisation suggested that a measured increase of the retirement age should first target British workers who are currently younger than 40.
The business leaders group CBI and the Institute of Directors have also indicated that they support the government in its plans to increase the retirement age.
These groups have warned that the public sector might face a pensions crisis unless the retirement age is increased to 65.
The retirement age under the current UK pensions system is 60 years.
PPI encourages raised retirement age
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PPI encourages raised retirement age
Mon, 26 Sep 2005
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