One in four Brits plan to protest if the Government raises retirement age to 70

1st May 2023

A quarter of Brits say they are willing to protest if the Government looks to raise the national retirement age, according to new research by pensions expert, Penfold.

A survey of 2,000 British workers, commissioned by Penfold, found that over two-thirds (67 per cent) of respondents disagree with the Government's plans to raise the retirement age, with one in four willing to take action and walk out.

This research comes off the back of the Institute of Fiscal Studies (IFS) latest report on pensions, which suggests the state pension age would need to increase from 66 to 70 by 2050.

The current share of adults aged over the state pension age is 24 per cent, but the UK's population is forecast to age by 2050, increasing the proportion of pensioners in the population to 30%, and putting additional pressure on the pensions system.

Read the full article HERE