UK - Employee benefits specialist Gissings urged the government to increase the state retirement age to prevent future poverty in old age.
Chief economist Roger Nightingale told the conference that low unemployment levels meant that a change in the state retirement age was a likely scenario.
He also predicted that there would come a time when retirement age would not be a statutory concept, but a voluntary one.
In the future, people would be working after 70 and possibly into their 80s.
Nightingale added: “People will choose when to make the switch between worker and pensioner and they will do so partly on the basis of their health, and partly on that of their wealth.”
But in the short-term, he said, a 25-30% recovery in the stock market would help.
“What will save the skins of the politicians is a short-term rally in the stock market.”
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