Pensions - Articles - JLT - Statement on State Pension Age

 Mark Wood, CEO, JLT Employee Benefits, said:

  

 “Life expectancy is currently increasing by roughly two years every decade or about five and a quarter hours a day! The Government has chosen a moderate course. A much greater change could have been justified. Today's seventy year olds can, on average, look forward to twenty years of retirement. Omitting those over the age of 50 from the changes means that those affected have sufficient time to plan ahead.

  

 Western Countries are benefiting hugely from advancements in pharmaceuticals, public smoking bans, better diets and healthier lifestyles – and those railing against the changes being announced today must remember that this is unequivocally positive. It stands to reason that our pension provision and the length of our working lives must adapt accordingly with medical and health developments."