State Pension Age To Hit 70
As predicted by us, the John Cridland report into increasing State Pension Ages has been published today and suggests an increase in State Pension Age to age 70 years.
As per previous reviews, the issue for State Pension fairness across generations needed to address:
The report suggest a number of recommendations after the latest changes take place in 2028:
What does this mean if recommendations are accepted?
Mid Life career guidance makes sense and will complement the new Pension Advice Allowance that we can all draw up to £1500 from our pension to get pre-retirement advice that starts in April.