Monday 06, September 2010 by
Dwindling pension pots support retirement age review
Over the last two years, the projected annual retirement income for a 60 year old has decreased by over £3000 ($4640), while 65 year olds can expect to live on barely half the amount suggested as an acceptable living standard, according to data from Aon Consulting. Aon also highlights that with life expectancy at age 65 expected to increase by almost exactly one year between 2010 and 2016, a proposed one-year increase in retirement age would still leave retirees receiving their state pension for the same number of years as they do currently.
