Britain’s inheritance boom could further decouple people’s retirement age from their state pension age

It’s inheritance and where you live which are the barriers to retirement


The UK’s state pension age is going up – and perhaps faster than expected. The age at which you can draw the state pension is due to rise from 66 to 67 by 2028. And the Government is now reportedly considering bringing forward the rise to 68 from 2046 to the 2030s, as part of … Continued

More ambition, less risk – building on the success of auto-enrolment


We often find it harder to celebrate policy successes than decry policy failures. So you might have missed a policy success which we are marking this week. We are about to have completed the successful initial rolling-out of automatic enrolment into occupational pension saving. Millions of employees will enjoy higher living standards in retirement as … Continued

Matthew Whittaker

Now’s not the time for auto-pilot


Straightforward policy successes are a rare achievement in government and need celebrating when they arrive, lest we forget that policy matters. The recent sizeable gains the UK has made on private pension saving as a result of the introduction of auto-enrolment are therefore a clear cause for cheer. But challenges remain, starting with the increase … Continued

Auto-enrolment has had a great beginning. But will it have a happy ending?


We hear a lot about good policy plans gone wrong (Universal Credit springs to mind) for obvious reasons. But we ought to listen (and learn) from successes too. Auto-enrolment into workplace pension savings is the obvious candidate for this cheery policy tale, though the story has only just begun. Over nine million have signed up … Continued

What could the latest life expectancy projections mean for the State Pension Age?


At the end of last week, the ONS published the latest future projections showing its best estimate of how long we can expect to live. We don’t automatically associate our living standards with factors like health or how many years of life we may have. But just like income, life expectancy is an important indicator … Continued

Automatic success for the people?


Political commentators love a good high-profile policy disaster. Think NHS IT systems or the poll tax. But successes happen too. Usually they’re small scale, making incremental improvements, often for specific parts of the population. But just sometimes they’re a really big deal – fundamentally changing outcomes for millions of people. When such victories come along, … Continued

Young and self-ish? Who’s saving for their retirement and who isn’t


When we worry about the pay of workers today, two groups often stand out as being hard hit – the young and the precariously employed, particularly self-employed workers that often work in the so-called gig economy. Concern for these groups stretches beyond the present. After all, low pay and a lack of saving makes it … Continued

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