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October pensions supplement: Going for ‘slow money’

Britain must raise the retirement age in line with rising life expectancy

By John Godfrey  

© GelatoPlus

Funding old age matters hugely. The UK population has not saved enough for retirement, which now may well include expensive care requirements. Statistics from the Department for Work and Pensions show that 11.9m people are saving too little, and that half of those are less than 80 per cent of the way to their target for retirement income.

Steve Webb, Britain’s most able Pensions Minister in decades, has done well to raise the basic state pension with triple-locked increases, and better still to introduce auto-enrolment…

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