From The BBC:
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David Norgrove: “People are going to have to work longer”
The state pension retirement age could be increased further, the UK’s pensions regulator has told the BBC.David Norgrove said rising life expectancy meant millions of people would “undoubtedly” have to wait longer in future to draw a state pension. People will not save as much for retirement as in the past, with many people “frightened” to do so, he said. The state pension age is due to rise to 68, and Pensions Minister Angela Eagle said there were no plans to raise that. Government debtCurrently, the state pension age is 60 for women and 65 for men, but four years ago Lord Turner published a report calling for it to rise to 68 for everyone by 2044. But Mr Norgrove said he thought it would end up higher. Mr Norgrove said: “People are going to have to work longer, partly because we’re not going, as a nation, to save as much for retirement as we did in the past.”
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