UK - Simplification Report author Alan Pickering says that to boost savings, the state pension should be doubled to 40% of average wages and to achieve that, the pension age should be raised from 65 to 68.
In his new paper entitled ‘How the government can get us saving again’, Pickering said: “By 2008, the basic and state second pensions should be amalgamated and the facility to contract-out should b...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here