UK - Government plans to give workers a "cash carrot" if they work until they are 70 have been dismissed as a gimmick by industry leaders. Pensions experts say the proposal - unveiled at the Labour Party conference - will add unnecessary complexity to the state pension system. And some claim pensioners could be worse off under the plan.
Mercer Human Resource Consulting senior research actuary Deborah Cooper said: “I don’t think it is new money. “If you calculate it out, it is offering only slightly more than £100 a week over five...
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