POLL: Should the state pension age be increased to 70? | UK | News

Do you think that the state’s retirement age should be revised, the threshold should rise to 70? Business and Pension Secretary Liz Kendall announced today that state retirement will be reviewed. Considering the factors such as life expectancy, it will examine whether the current retirement age is still appropriate and will be finalized by 2029.

However, the current state retirement age will rise to 67 between 2026 and 2028. The announcement follows warnings that people who want to retire in 2050 can receive £ 800 less than the current retirees per year.

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The Ministry of Labor and Retirement (DWP) said that 45% of the working age adults did not contribute to their pensions, and stated concerns about the cost of influencing the impact of life.

Liz Kendall, due to the impact of the life crisis in the coming years, how difficult to plan pensions will be “under the illusions,” he said.

“Many workers are more concerned about putting food on the table and holding a roof on their heads,” he said.

Kendall, many businesses “in an increasingly uncertain world in profitable and flexible in the face of great difficulties,” he added.

He announced that the Pension Commission will be revived to evaluate why future pensioners are poorer than retirees.

According to the pension law 2014, the government should conduct a examination of the state pension age every six years. The last one ended in 2023.