Pensions - Articles - Ray Chinn, LV= on increase in state pension age

 The announcement that the state pension age will increase to 67 earlier than planned will understandably come as unwelcome news to some...
 ...particularly those approaching retirement who will be affected most by the changes to the timetable. In some respects this faster than planned age increase is inevitable given the current economic conditions and the growing cost of state pension provision.

 It serves as a timely reminder that where possible, people should make as much provision for retirement as they can, through their own pension savings or other investments. Those who will be impacted by the changes and do have their own pensions savings should consider taking financial advice to ensure they can maximise their retirement income and make up any shortfall in state pension, which could include options such as enhanced annuities, income drawdown or equity release."