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.
The City regulator has been urged to investigate the millions of pounds wiped off the value of our pensions through "unsuitable advice" which pushes savers into pricey plans.
Controversial plans to raise the state pension age for women were waved through by MPs last night after the Government offered to hold talks with critics about how the change would be introduced.
The Government says it intends to press ahead with its timetable to raise the state pension age for women despite the threat of a revolt by Conservative and Liberal Democrat backbenchers.
20 June 2011
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