The pension age could be raised to 66 within five years, far sooner than expected, as life expectancy increases rapidly.
Statistics published today paint a stark picture of the crisis facing the economy. They show that plans to stage incremental rises in the retirement age over three decades are no longer sustainable, the Daily Telegraph reports. The figures, produced by the Office for National Statistics, show the current ratio of four working adults for every pensioner will fall to three within a decade and two by 2040. At this rate, by 2030 there will be 5.6 million more people over the age of 65 than today. Read the full story US banks braced for slump in profits US banks with Wall Stre...
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