Government plans to 'raise pension age to 70' blasted in new report highlighting UK's growing rich-poor divide among an ageing population

January 4, 2017 | 4years | Retirement Planning News

The PLSA has called for no further increases in the UK's state pension age

It says further hikes would cause 'major damage' to a large swathe of society

A report states age rises would especially impact low income areas

Supposed government plans to raise the pension age in Britain to 70 have been slammed by a leading industry body.

In November Steve Webb, the Liberal Democrat former pensions minister, claimed that he found out about the pension-age rises buried in Department for Work and Pensions documents.

But now the Pensions and Lifetime Savings Association has called for no further increases stating that it would cause 'unacceptable detriment' to a large swathe of society - especially those with a low life expectancy and in poor health.

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