The Government should consider introducing a "graduated" state pension to allow people to draw some cash before they retire, which could help encourage them to continue working for longer, a thinktank recommended today.
The Government is to bring forward an increase in the state pension age to 67 under plans to prolong the working life of millions of people under 50, according to the pensions minister.
The country's pensions system is in "urgent need" of improvement if millions of workers in private firms are to save enough for retirement, according to a new report released today.
1 August 2011
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