Pensions - Articles - Zurich reaction to Autumn Statement

 Commenting on the State Pension Age rise being brought forward, Gary Shaughnessy, CEO of Zurich UK Life, said:

 “This is a sign of things to come and Britain needs to make saving for retirement more of a priority if it is to face the challenges of increasing longevity.

 “Living longer means people will have to save more and work longer to be able to fund old age. It is important that people take responsibility and start planning for retirement from an early age.

  “Our pensions system has undergone many changes in recent years, which has brought a lot of uncertainty around retirement saving. We now need stability if people are to have confidence in pensions. The Government should now focus on the support that people need in old age, particularly in the area of long-term care.”