Money matters

How HR can support staff hit by pension age chaos

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A new survey has revealed that the majority of fortysomethings are unaware that the age they can claim their private or workplace-based pension is set to rise from 55 to 57 in six years’ time – a significant change that could affect them.

The PMI – a body for pensions industry professionals – found that fewer than one in five of 2,000 respondents to their survey aged 40-49 were aware of the upcoming changes.

The government announced the change in 2014, but it seems little has been done to highlight it since.

PMI president Lesley Alexander told The Mail Online: “The results of this research are particularly worrying, as they suggest strongly that the Government has failed to make the general public aware of a significant change in pensions policy.”

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