'Serious attention' needed to make Cridland recommendations success

Pension sector reacts

Hannah Godfrey
clock • 4 min read

John Cridland's report on the state pension age may have offered little in the way of surprises but it has provoked a number of warnings the government has its work cut out to make any of the proposed changes a success.

The report by the former head of the CBI - who was appointed to provide an independent review of 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. Cridland recommended bringing the change to the state pension age forward to 68 over a two-year period - starting in 2037 and ending in 2039.He also suggested there should be no move in the state pension age from 68 to 69 before 2047 at the earliest, the pension age should never rise by more than one year in each 10-year period and the triple-lock guarantee b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read