Later retirement
13 September 2012
The government’s Budget announcement to speed up plans to raise the state pension age for men to 66 by as early as 2016 is a positive move, according to a spokesman for pension and investment adviser Scottish Widows.
Ian Naismith, head of pensions market development for Scottish Widows, says: “Raising the state pension age will give added encouragement to plan for a longer working life. This has also been reinforced by the announcement that the default retirement age [DRA] of 65 will be scrapped, which is a clear message that the government is acknowledging that everyone should be able to work for as long as they are able.”
