Proposals to increase the state pension age to 80, included in a paper published today by the Centre for Policy Studies (CPS), would cause "riots in the streets", according to AJ Bell.
The state pension: No longer fit for purpose written by CPS fellow Michael Johnson (pictured), advocates putting the state pension into 'run-off' and the introduction of a ‘senior citizens' pension', payable from the age of 80. It has also proposed the introduction of a workplace ISA following the 2017 auto-enrolment review to "accommodate employer contributions". "The solutions proposed in this paper would likely cause uproar," said AJ Bell senior analyst Tom Selby (pictured). "The government has already faced protests over relatively modest increases to the state pension age - there w...
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