The Pensions and Lifetime Savings Association (PLSA) has responded to the Independent Review of the State Pension Age welcoming John Cridland’s recommendation not to increase State Pension age beyond 68.
Graham Vidler, Director of External Affairs, Pensions and Lifetime Savings Association, said:
“The PLSA is very pleased that John Cridland’s review has agreed with our recommendation not to increase the State Pension age beyond 68 and to remove the triple-lock in the next Parliament.
“However, we are concerned by the proposal to accelerate the rise of State Pension age to 68. This proposal will hit people in their late 30s and early 40s - the very group who are too young to have benefitted from final salary pensions and too old to benefit in full from automatic enrolment. The Government need to fully consider the consequences of this early rise for those who cannot stay in work until their late 60s.”
The PLSA’s full response can be found here.
NOTES TO EDITORS
THE PENSIONS AND LIFETIME SAVINGS ASSOCIATION
We’re the Pensions and Lifetime Savings Association; the national association with a ninety year history of helping pension professionals run better pension schemes. Our members include over 1,300 pension schemes with 20 million members and £1 trillion in assets, and over 400 businesses. They make us the voice for pensions and lifetime savings in Westminster, Whitehall and Brussels.
Our purpose is simple: to help everyone to achieve a better income in retirement. We work to get more money into retirement savings, to get more value out of those savings and to build the confidence and understanding of savers.
MEDIA CONTACTS FOR THE PENSIONS AND LIFETIME SAVINGS ASSOCIATION
Lee Blackwell, Head of Media & PR, Pensions and Lifetime Savings Association
T: 020 7601 1726, M: 07713 073 023, E: [email protected]
Babak Mayamey, PR Manager, Pensions and Lifetime Savings Association
T: 020 7601 1718, M: 07825 171 446, E: [email protected]
Kathryn Mortimer, Press Officer, Pensions and Lifetime Savings Association
T: 020 7601 1748, M: 07901 007 713, E: [email protected]