Gov't Risks Mess From Pension Age Change, Industry Warns

By Martin Croucher (September 14, 2021, 1:43 PM BST) -- The government risks creating a "hot mess" of overlapping rules on pension ages that will create widespread confusion among long-term savers, retirement industry experts warned on Tuesday.

HM Treasury is considering plans to increase the age at which people qualify for the normal minimum pension from 55 to 57, in a move to boost retirement saving in later life. But small print in the draft regulation means the rules will apply only to people who have joined a workplace scheme after a fixed date.

Experts say the proposals will lead to the "ludicrous" situation in which a person could have several...

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