Retirement Age

Retirement is likely to come later for the next generation

2012 babies won't receive state pension until age 77, says PwC

A new report says that increased life expectancy means that babies born in 2012 should expect to work until they are 77 and there children won't receive state pension until aged 84.

The government has performed a u-turn over pension changes affecting women

PM in pensions u-turn to address concerns of women

An amendment will be made to the government's pension bill delaying by six months the timing of the increase of the state pension retirement age to 66.

Government ministers have been criticised over the speed of pension reforms

State pension reforms criticised as unfair to women

Backbench MPs are urging the government to review the Pensions Bill over criticism that just a small minority of women will have to bear the brunt of the costs.

The default retirement age will be removed, the government has said

Default retirement age scrapped

The default retirement age (DRA) will be scrapped, the Department for Business, Innovation and Skills has confirmed, with the legislation being phased out between April 6th and October 1st this year.

More needs to be done to mitigate the financial impact of longer life expectancies, Dr Altmann said.

'Social revolution' needed to cope with rising life expectancy

Changes are needed to ensure healthy people can work for longer to support themselves in their later years, says expert.

Haivng enough money to fund retirement was the biggest concern for those surveyed.

Finances 'are biggest retirement worry'

Sainsbury's Finance has launched a new 12-month variable cash ISA paying 2.6 per cent AER.

The recession has made many parents encourage their children to save in a pension.

Pensions a priority for recession-weary parents

The impact of the recession has made more parents think about the importance of encouraging their children to save in a pension and not to rely solely on property investments to fund their retirement, according to a new poll.

Britons expect to keep working beyond retirement age to improve their financial standing.

"Part-tirement" set to rise as Britons keep working

Britain is set to see an increase in "part-tirement" over the coming years, as 68 per cent of adults - or around 33 million people - believe they will have to keep working beyond the current retirement age.

29 per cent of those questioned would give up some income in order to avoid a rise in the state retirement age.

Workers 'prefer idea of retirement to income'

Almost a third of European employees would be prepared to give up some of their pension income if it meant that their government did not raise the national retirement age, according to a new poll.

21 per cent of Britons will have to work longer than they had planned because of the recession.

Recession "dents" Britons' retirement plans

The economic events of the past 12 months have put a serious "dent" in the retirement plans of many Britons, with more than one in five now expecting to have to work for longer.

Harriet Harman intends to give those over the age of 65 the right to work until their 80s

Retirement age could be scrapped

The retirement age could be scrapped altogether under proposals being put forward by the government's equality bill Harriet Harman has admitted.

Business leaders call for 70 pension age

The pension age should be pushed up to 70, business leaders have demanded.

Pension changes to minimum age could lead women with five year wait

Women to be 'biggest losers' from minimum pension age changes

This April will see the minimum pension age increase to 55 - meaning those looking to retire early or access their pension funds face disappointment.

Osborne pledges to get Britain working for longer and longer

Conservatives to raise pension age to 66

The Conservatives are set to announce plans today to increase the pension age to 66 by 2016.

Employers can still dismiss workers at 65

High court rules 65 to stay mandatory retirement age

The High Court has today ruled the cumplusory retirement age must remain at 65.

Cameron reaches out to save cash with pension age increases

Conservatives look to increase pension age

David Cameron has admitted he would look at increasing the pension age faster than proposed.

Many planning to work for longer after falls in pension funds

Credit crunch forces 1.85m to delay retirement plans

The effects of the economic downturn have forced 1.85 million over 55s to delay retirement plans, according to research.

Over 50s face early retirement as jobs dry up

Older workers face the greatest roadblocks re-entering the workforce of any age group with increasing numbers forced into involuntary early retirement.

Pension sums don't add up, regulator warns

Pension age 'could rise beyond 68'

The state pension age could end up higher than 68, the pensions regulator told the BBC in an interview.

2m pensioners in poverty need automatic benefits

The UK has two million pensioners in poverty and 1.1 million with incomes below the 50 per cent average, as many benefits are being missed.

Government must "scrap pension age now"

Some 25,000 Britons will be forced to stop work at 65 still, unless the government is bolder on scrapping the default age for retirement.

Government to "look again" at default 65 pension age

The government may move to drop the default retirement age of 65 allowing millions of Brits to work longer.

Over 50s worry about losing their job and seeing their pension value fall

Over 50s fear job and pension loss

Workers aged over 50 are worried they will not only lose their job in the downturn, but they will see their retirement income slashed by the recession.