Are they having a laugh? The next generations, who won’t have even a tin-plated pension, will at 50, have not retirement, but another 20 years or more of working life to plan! The regulator’s new ‘Retirement Wake-Up Packs’ are supposed to make sure that those without advisers use their pensions sensibly. Problem is, those without advisers are unlikely to have anything other than a few small workplace pensions to use, sensibly or otherwise. So. Not a great deal to look forward to. See you all in the free coffee queue at Waitrose.
“Back to work for people aged 65”
So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.