Two reports for the government published today - one by John Cridland, the other an analysis for the Department for Work and Pensions (DWP) - have raised the prospect of millions of people working longer to qualify for a state pension.
The report by Cridland (pictured) - a former head of the CBI, who was appointed to review the State Pension age in March 2016 - has proposed those under the age of 45 may have to work a year longer than they currently expect, to 68. Cridland has recommended bringing the change to the state pension age forward to 68 over a two-year period - starting in 2037 and ending in 2039 - which would mean anyone currently under the age of 45 having to work for an extra year. He also suggested there should be no move in the state pension age from 68 to 69 before 2047 at the earliest, that the pens...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
