Actuaries call for independent pensions body

In its response to the Turner report, the Actuarial Professions echoes proposals put forward last week by the Trades Union Congress (TUC), to establish a permanent independent body to promote confidence in the future of pensions. The Profession also supports the intention to raise the state pension age, claiming it is a sensible decision with respect to the improvement in life expectancy. It claims without a change in state retirement age, there will be increasingly significant financial implications including a smaller proportion of the population having to pay higher taxes to fund stat...