Britain’s savings culture in crisis, says Iain Duncan Smith
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Britain’s savings culture in crisis, says Iain Duncan Smith
His comments came after he outlined a shake-up of pensions, which included a review of the state pension age, with a view to raising it to 66 in 2016 for men.
The coalition also announced a consultation into how quickly to phase out rules making it illegal for companies to force staff to give up work at 65, and it has made a commitment to auto-enrolling staff into workplace pensions.
But the measures were criticized by campaigners and pensions experts who accused the coalition Government of making people work until they drop.
They suggested the idea of Britons being forced to work until 70 before they can claim the state pension may soon become a reality.
Dot Gibson, general secretary of the NPC,wholesale computer accessories china said: “There can be no doubt that the wealthier you are, the longer you live, so raising the retirement age therefore is a direct attack on the very poorest in our society.
“There is a myth that we are all living healthier lives for longer and very little evidence that there are sufficient jobs around for everyone to keep working. This policy isn’t about choice, it’s about cutting costs and making the poorest pay the highest price.
“We must establish the right to a decent period of retirement otherwise we will soon see people working till they drop.”








