Labour government warned of possible state pension age rise to 71 by 2050 due to affordability and demographic concerns.
Experts warn UK's Labour government of potential rise in state pension age to 71 by 2050 due to affordability concerns and demographic imbalances. Fidelity International's Director, Andrew Oxlade, urges immediate action as the state pension age increase shows no signs of stopping. The International Longevity Centre suggests this increase is necessary due to Baby Boomer generation reaching retirement and younger generations possessing less wealth.
August 26, 2024
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