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.... A prototype of the tool is set to launch next year and should mean fewer people lose track of pension pots. Its hoped the dashboard will also help drive engagement with savings and help people make better financial decisions regarding their retirement. ... [Read full article on Daily Express ]
Sunday 17th of September 2017 04:26:00 PM
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.... But now the Financial Conduct Authority (FCA) is talking about reviving them to help older borrowers. In a consultation paper this month, the FCA says the “retirement interest-only mortgages” it is proposing could help two categories of older people: those with a maturing interest-only mortgage but no repayment vehicle, and those interested in equity release but turned off by the way the interest on a lifetime mortgage rolls up. ... [Read full article on Guardian ]
Saturday 16th of September 2017 06:00:04 AM
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Latest Finance News related to Retire

Have you got a FORGOTTEN pension? £400 MILLION of unclaimed savings – find YOURS now image
.... A prototype of the tool is set to launch next year and should mean fewer people lose track of pension pots. Its hoped the dashboard will also help drive engagement with savings and help people make better financial decisions regarding their retirement. ...
Over-55s take out £8m a day from their homes image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
.... But now the Financial Conduct Authority (FCA) is talking about reviving them to help older borrowers. In a consultation paper this month, the FCA says the “retirement interest-only mortgages” it is proposing could help two categories of older people: those with a maturing interest-only mortgage but no repayment vehicle, and those interested in equity release but turned off by the way the interest on a lifetime mortgage rolls up. ...
Britons retiring abroad to get help with living costs after Brexit image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 09:49:00 AM
....”. He said it will apply to those taking their state pension in Europe and those yet to retire. ...
Hammond eases public sector pay cap, but the squeeze goes on image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:22:02 PM
....These are chunky figures and would throw a spanner in the works of Hammond’s preparations for his first major budget on 22 November, which according to those close to the chancellor, is focused almost entirely on his plans for skills training, overhauling university fees, infrastructure spending and public investment more generally. If Osborne was the ultimate tactician, whose budgets were designed to weather a week’s worth of headlines and analysis, and not always successfully, Hammond sees himself as a strategist, who must not only help the economy bridge the Brexit gap, but also spend carefully on projects that will come to fruition long after he is retired. ...
Car insurance: Warranty pitfalls for occasional drivers image
Source : Daily Express [Read Article] Monday 11th of September 2017 11:58:00 AM
....“Both my son and I drive very little, less than 2,000 miles a year. I’m retired and my son is a busy professional,” explains the north Londoner, who decided nonetheless on the warranty because he thought with a used car it made sense to go the extra mile to protect it. ...
UK windfarms cheaper than Hinkley Point, experts claim image
Source : Guardian [Read Article] Sunday 10th of September 2017 11:16:29 AM
....The nuclear industry argues that no single low carbon source could meet the UK’s power needs alone. “With two-thirds of the UK’s currently dispatchable generation capacity due to retire by 2030, including all but one of the current nuclear fleet, the UK will need the full range of low carbon technologies to provide the reliable, secure and readily available power for homes, businesses and public services,” said Tom Greatrex, chief executive of the Nuclear Industry Association. ...
How your pension pot can help claw back lost child benefit image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
....Back in September 2013, Guardian Money highlighted the little-known connection between the child benefit tax charge and pension contributions. Many people may not realise that putting more money aside for retirement can push down your tax charge, which means you effectively keep more of your child benefit. ...
Downsizing: Over 55s fear being unable to afford present homes after retirement  image
Source : Daily Express [Read Article] Friday 8th of September 2017 12:01:00 AM
.... . And while convenience was found to be the main reason for moving, a significant proportion of people are relying on downsizing as a key part of their retirement plans. ...
British Airways risks strike action over plans to curb pension benefits image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:31:34 PM
. British Airways could face further industrial action, this time over plans to curb retirement benefits for 17,000 pension scheme members, a move unions say would have consequences for the carrier. ...
Top destinations for expats in 2017 REVEALED - you'll never guess which country took top  image
....For professionals looking to continue their career abroad, however, Mexico ranks 17th, still above China, Finland, Belgium and Austria, but below both Bahrain and Costa Rica. But where are British expats going? In terms of sheer numbers the British continue to search for greener, sunnier pastures in Spain, with some 8 per cent of expats from the UK flocking to España to retire. ...
This simple pension trick could boost YOUR child benefits by £536 a year image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 03:51:00 PM
. A family with two children an extra £536 a year in benefits by simply saving extra for retirement, Royal London found. ...
Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond image
.... He said: "Housing policy needs to be better connected to pension policy. "Reducing stamp duty would encourage pensioners to downsize, freeing up family homes with benefits across the housing market while boosting funds to pay for retirement. ...
Robots and AI can bring down pension age, says TUC image
Source : Guardian [Read Article] Sunday 3rd of September 2017 11:01:03 PM
.... That could relieve the pressure on workers to stay in employment into their late 60s, according to the TUC. Analysis from the Office for Budget Responsibility and the Department for Work and Pensions estimates that for each year the state retirement age is raised, 0. ...
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman image
.... The Japanese government regularly runs 10% budget deficits and now has a debt-to-GDP level approaching 250% after the middle class switched to loaning its government funds rather than gifting a higher proportion of its income through tax. The Germans hoard cash, which they then expect the rest of the world to borrow and pay interest on to keep them in a bountiful retirement. ...
Pension warning: Retirees are making this BIG mistake with income drawdown policies image
....The number of people choosing the policies has trebled since pension freedoms were introduced in 2015, according to provider Aegon. The policies keep savings invested, while allowing retirees to withdraw an income. ...
REVEALED: State pension losers and winners from major National Insurance changes  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 03:58:00 PM
.... "This will simply be unaffordable for low earners and the long-term consequences could be dire. "If they have long stretches of very low earnings, and are unable to afford to pay the more expensive Class 3 NICs they won’t build up the full State pension, and they are unlikely to have a private pension, leaving them little retirement income to live on. ...
Annuities still rate highly despite many taking advantage of their new pension freedoms image
....Sales have crashed from around 400,000 a year to 80,000, and a rash of providers have since stopped selling policies as a result. Big name insurers including Aegon, LV=, Partnership, Prudential, Standard Life and Friends Life have exited the annuity market, shrinking choice for retirees. ...
Employers failed to pay $17bn in super since 2009, tax office says image
Source : Guardian [Read Article] Tuesday 29th of August 2017 08:58:17 AM
....The Australian Tax Office has published estimates of the amount of unpaid super in Australia for the first time. The data broadly confirm figures published by Phil Gallagher, a former director of Treasury’s retirement income modelling taskforce between 1993 and 2013, who issued repeated warnings about workers being short-changed on their compulsory super entitlements. ...
Pension deficit of UK's leading companies equivalent to 70% of their profits image
.... It showed that after a century in which the rate of increase in life expectancy had accelerated, the average age of death was levelling off at 79 for men and 83 for women. An updated financial assessment to reflect the diminishing life prospects of retired UK employees would cut the aggregate liabilities of FTSE 350 companies by about £10bn, they said. ...
Pensions news: Five more years of work could BOOST retirement incomes by £50,000 image
. Analysis suggests that for those in good health it pays to remain in employment, with retirement incomes boosted by two-thirds. ...
Millions of Brits sitting on forgotten pension pots worth £800bn image
Source : Daily Express [Read Article] Sunday 27th of August 2017 12:01:00 AM
.... . The insurer found that when people transfer their retirement pot, they are typically offered £158,000 to £190,000 or 25-30 times the annual value of their pension as a lump sum. ...
All aboard the north’s rail powerhouse image
Source : Guardian [Read Article] Saturday 26th of August 2017 02:59:39 PM
....”. Cridland notes that local input has shaped existing rail franchises for the better: “The biggest single improvement passengers are going to see in the short term is the retirement of Pacer trains in 2019. ...
Grandparents gift grandchildren over  £37billion for holidays, education and first homes image
....”. Grandparents should make sure they have enough money to fund their retirement and future care needs, before assisting younger family members. ...
Protect the elderly: Crackdown on pensions cold calling must be priority, says ex-minister image
. More pensioners have been tricked out of their life savings after major changes allowed people to access their retirement cash. ...
Quantitative easing is a costly habit we should have kicked long ago | Larry Elliott image
....Things have moved on in the civil service since the days of Yes Minister. Back then senior civil servants remained the soul of discretion even after retirement. ...
How YOUR pension has HALVED over the last 10 years, shock new figures image
Source : Daily Express [Read Article] Monday 21st of August 2017 01:30:00 PM
....The figures mean Britons retiring in 2017 will be massively worse off than those who finished work just before the 2008 credit crunch and subsequent financial crisis. Calculations by financial services giant Fidelity have revealed today’s retirees have ben hit by a triple blow of falling real wages, lower market returns and reduced income from annuities. ...
Pension cold-calling ban to include texts and emails in effort to tackle fraud image
. A ban on cold-calling by pension companies will include texts and emails, the government has announced, as it cracks down on scammers who target savers’ retirement funds. ...
Here’s help to decide which of two Isas is the best to buy into image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
....Also called the “Lisa”, this lets you save up to £4,000 a year with a government bonus of 25% of everything you save, ie, up to £1,000 a year. The money can be used to buy a first property or be put towards retirement from the age of 60. ...
PENSION WARNING: How inflation ravages YOUR retirement income by hundreds of pounds image
....Increases in the cost of living tend to hit oldest people hardest because they are reliant on fixed pension income, which has spending power slowly eroded by inflation. For example, a retiree spending £368 a week today, would need to increase this to £470 over 10 years to afford the same life - an increase of 22 per cent - assuming inflation running at a modest two per cent a year. ...
How you can build up a £100,000 pension pot from NOTHING even in your FORTIES image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 03:02:00 PM
. Britons should ideally start saving in their twenties to build up funds that will support a comfortable retirement. ...
Student finances: How to manage money at university  image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 08:47:00 AM
....Another option for the over-55s is to take their 25 per cent tax-free pension lump sum to help cover university costs. "Just make sure you still have enough money to live on in retirement," Haywood added. ...
Corbyn vows 'flexible' state pension age but won't reveal funding for £20BILLION reforms  image
. The Government recently raised the official retirement age to 68 for people in their thirties and forties. ...
State pension CHAOS: Savers fearing poverty and many don't even KNOW when they can retire image
....Almost one in five workers aged over 55 don't know their state pension age, found a study by scheme provider The People's Pension. Among young people aged 18-24 years old more than nine in 10 can't correctly identify when they will retire. ...
Smoking and Drinking tax: How HMRC cashes in on our vices image
Source : Daily Express [Read Article] Sunday 13th of August 2017 12:01:00 AM
....” Smokers, heavy drinkers and the obese do gain if they buy an annuity with their pension. Stephen Lowe, director at retirement advisers Just, says the unhealthy can get anything between 5 and 25 per cent more income from an impaired life annuity: “Your lower life expectancy means you probably will not claim the income for as long, reducing the benefit of getting more. ...
Tourist areas need investment in jobs, not just better roads | Letters image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
.... People employed in tourism cannot afford these houses. Perhaps Cornwall’s perversity in delivering a very large pro-Brexit vote was because there are so many middle-class retired incomers who are putting stress on the social and health services . ...
The growing gulf in life expectancy shows how austerity has deepened inequalities image
.... In Newcastle upon Tyne, adults living near the airport can hope to remain free of disease and disability – to enjoy healthy life – until just before they turn 75. But a few miles east in Byker that enviable period typically ends before the official retirement age, at just 63. ...
New Tata Steel scheme secures pensions for 130,000 workers image
Source : Guardian [Read Article] Friday 11th of August 2017 08:48:29 AM
.... The hope now is that a major hurdle has been removed to any attempt by Tata to merge its European steel business – which includes the Port Talbot steelworks in south Wales – with the German firm ThyssenKrupp. The trade unions Community, Unite and GMB said in a statement: “For over a year our members have feared for their security in retirement, and this announcement helps to bring that uncertainty to an end. ...
Mass tourism is at a tipping point – but we’re all part of the problem | Martin Kettle image
....We have to re-examine the idea that we enjoy an unfettered liberty to travel at will or for pleasure. We have to rethink the impulse that says that a holiday from work – or retirement from work – is an open sesame to exploring the world. ...
Pensioners moving to smaller homes should NOT have to pay Stamp Duty, Hammond told image
....Supply is now at record low levels, raising house prices and pushing ownership out of reach for younger people. At the same time, it could help fund retirement for older generations who have inadequate savings. ...
REVEALED: The retirees with the best pensions in Britain - do you make the list?  image
Source : Daily Express [Read Article] Thursday 10th of August 2017 11:50:00 AM
.... But many pensioners have disposable income that is thousands of pounds higher than working households. The richest retirees are likely to fall into three distinct categories, and those who fall into all are typically the best off, shows analysis by pension provider Aviva. ...
North Korea’s warmongering with Donald Trump hits global stock market raising pension fear image
.... And US stock indices the Dow Jones and S&P 500 are down for the second day in a row after the North Korean dictator threatened a missile strike on US bases in Guam. Pension funds that holds billions of pounds worth of retirement savings are typically invested in the FTSE 100, meaning savers could see values fall amid sell-offs. ...
Alistair Darling: 'RBS said it would run out of money in early afternoon' image
Source : Guardian [Read Article] Wednesday 9th of August 2017 07:59:03 AM
....He added that the biggest danger regarding a future crisis was complacency. “In a few years’ time, when institutional memories start to fade and the people around have all gone and retired, then that’s where the risk occurs,” he said. ...
Where to retire overseas for health, happiness, prosperity and community image
Source : Daily Express [Read Article] Tuesday 8th of August 2017 03:37:00 PM
. But with so many places around the world offering expat retirees a warm welcome, it can be hard to make a decision about where to live. ...
'Pensioners have NEVER had it so good' Retiree income better than workers' earnings image
.... The average weekly salary for workers in Britain currently sits at a typical £473 before tax. The figures show people now at retirement age have reaped the benefits of gold-plated pensions and the triple-lock on state pensions, according to experts. ...
Pensioners living in golden era as income rise outstrips workers’ image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:47:17 PM
.... Over the same period the gross income for working households doubled from £20,200 to £41,900. However, retired workers relying on a state pension have fared much worse than those with private schemes. ...
Total UK wealth tops £10tn thanks to City and property boom image
Source : Guardian [Read Article] Monday 7th of August 2017 11:01:22 PM
.... With rising house and equity prices, net worth has increased substantially in the past decade, growing by £143,000 per household on average. “Increasing levels of wealth are clearly positive for households, but with recent changes, like pensions freedoms, it also highlights the increasing importance of proper financial planning, especially as people approach and move into retirement. ...
REVEALED: The blossoming expat communities in countries you may NOT have considered image
....However, if you are hoping to settle somewhere with a strong expat community, Thailand’s capital, Bangkok, is probably your best bet as there are a large number of foreign nationals living in the area. Costa RicaCosta Rica is growing in popularity with foreign retirees (it is now the most popular retirement haven in Central America) because of its affordable cost of living, low levels of crime, high standard of life and extremely attractive ecology. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....Some 5. 7 million older people are either considering downsizing, or say they would do so if they were given a tax break as an incentive, according to new research from retirement home builder McCarthy & Stone. ...
Lifetime Isa proving popular as young savers rush to snap them up image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
.... And investment firm Hargreaves Lansdown said it had opened more than 22,000. Launched in April, a Lisa lets you save tax-free for either a property or retirement. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
....By the next election, Labour needs to raise housing to the top of the agenda, with a real sense of national emergency. But with 64% of households secure home-owners, and 80% of the high-voting, Tory-leaning retired owning their own homes, that’s a hard task. ...
Nissan dispute could go down as most vicious anti-union crusade in decades | Bernie Sanders image
.... It has union representation in 42 out of 45 of its plants throughout the world – from Japan to France, Australia to Britain. But the company does not want unions in the US south, because unions mean higher wages, safer working conditions, decent healthcare and a secure retirement. ...
Air Canada near miss: picture shows how close planes came to crashing image
Source : Guardian [Read Article] Thursday 3rd of August 2017 01:52:20 AM
....NTSB investigators said they have not determined probable cause for the incident that came within a few feet of becoming one of the worst disasters in aviation history. “It was close, much too close,” said John Cox, a safety consultant and retired airline pilot. ...
HSBC chief sounds alarm over financial regulation and Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 07:02:10 AM
....HSBC has previously said Brexit could force the bank to move moving 1,000 staff to Paris, which Gulliver said would help avoid a loss $1bn of revenue. He reitterated his intention to retire next year while Flint said there was strong list of internal candidates. ...
Tax raid on YOUR pensions: Shock as savers overcharged £26million in THREE months image
.... . The excess income tax was wrongly taken from savers who had withdrawn cash from the retirement funds using new pension freedoms. ...
Greek debt crisis: ‘People can’t see any light at the end of any tunnel’ image
.... Now the couple are no longer sure if they belong to the middle class. Hopes of spending their latter years in Crete have been dashed; so, too, have plans of a work-free retirement. ...
Millions of women hit by pensions gender gap  image
Source : Daily Express [Read Article] Sunday 30th of July 2017 11:20:00 AM
. It happens in workplaces across the country and crucially, continues all the way into retirement. ...
Leasehold tycoon: man whose firms control 40,000 UK homes image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:00:44 AM
.... “We are currently paying around £145 every six months. This doubles every 10 years, so in 45 years, whilst enjoying retirement, I’ll be paying E&J £10,000 per year to live in my own home that will be fully bought and paid for. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....Jonathan Harris at mortgage broker Anderson Harris says: “The typical 25-year mortgage term is a thing of the past, particularly when it comes to first-time buyers, owing to tougher affordability criteria. However, most lenders still require mortgages to be paid off by retirement, which does put a limit on the length of the term. ...
Almost 2 MILLION pensioners still have to file a tax return, figures show image
Source : Daily Express [Read Article] Saturday 29th of July 2017 12:01:00 AM
. Former pensions minister Sir Steve Webb said retirement “does not mean freedom from the misery of the annual tax return”, with more than 250,000 of those submitting tax returns aged 80 or over. ...
Sale of Holy Island pub is heavenly opportunity for beer pilgrims image
Source : Guardian [Read Article] Friday 28th of July 2017 02:03:21 PM
.... “The pub struck me as somewhere built on the traditions of community and welcoming the stranger,” he said. “It would be a dream to retire to island life and pick up that ministry. ...
THIS is how much savers are taking from pensions: How do YOU compare? image
Source : Daily Express [Read Article] Wednesday 26th of July 2017 03:42:00 PM
.... However, the number of payments has increased, suggesting people are taking regular income rather than one-off lump sums. Tom Selby, senior analyst at AJ Bell, said: “The pension freedoms continue to be hugely popular, with evidence suggesting most people are accessing their retirement pot in a sensible way rather than ravaging their savings to splurge on fast cars. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... Some 47% of Americans couldn’t come up with even $400 in a financial crisis, according to the Federal Reserve. So just how do Republicans touting the virtues of HSAs expect their constituents – who aren’t even able to provide adequately for their eventual retirement – to set aside still more of their income (even on a pretax basis) and invest it in an HSA? It isn’t as if they can simply stop buying insurance and put the money they would otherwise have spent on premiums into an HSA, because they need to have the insurance policy to qualify for the HSA. ...
Mortgage time bomb? Interest-only borrowers with NO plans to repay debts image
Source : Daily Express [Read Article] Monday 24th of July 2017 04:40:00 PM
....Endowment mortgage deals from the 1990s, which were sold with investments linked to the stock market, could be a particular problem. Many borrowers are near retirement and mortgages age limits are preventing them from taking out a free capital repayment mortgage. ...
Why not fund the welfare state with a 100% inheritance tax? | Abi Wilkinson image
.... Where’s the evidence that people without children are less productive, on average? And those who are motivated by a desire to help their family will presumably still want to do so while they’re alive. Honestly, if people did decide to retire earlier and enjoy their later years, instead of slaving away for as long as possible, would that be such a bad thing? And given that youth unemployment is such an issue, it may well be socially beneficial to free up those jobs. ...
State pension changes will cost 7 million people £10,000 each image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
....The change implements the findings of a review by the former CBI director general John Cridland, which found increases in pension age should be accelerated to prevent the costs of the state pension becoming unsustainable. Labour had committed in its manifesto that the party would not implement the Cridland review proposals, but would consult again on varying retirement ages. ...
Second home owners are destroying rural economies | Letters image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:05:00 PM
....The difficulties communities in rural England face in preserving their integrity will strike a chord west of Offa’s Dyke (“Why rural Britain needs a new deal”, Special Report). The problems described in your report are exacerbated in large parts of rural Wales, where the language and culture are under enormous pressure from a seemingly endless tide of second homers and elderly English retirees, whose main impact is to price local youngsters out of the housing market. ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
....6 years. The new retirement age of 68 means our typical Glaswegian male will pick up a state pension for only four to five years, pocketing just £38,000 in total. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
....The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). However, when it comes to overall pension payments (occupational plus state pensions) most seasoned public sector workers coming up to retirement will note that their state pension is considerably less than that of private sector workers because public sector workers were opted out of the state earnings-related pension and graduated pension schemes. ...
Savers warned as pension SUPER tax stings 80% more people image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:58:00 PM
....Savers have now been urged to keep a close tab on saving levels - including investment performance, as well as contributions. Mr Holmes said: “An increasing number of taxpayers who have done the responsible thing and saved for retirement are being caught out by this super tax trap. ...
Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
....However all options for saving money remain on the table for Labour, including means-testing. This could see wealthy pensioners, and those that have built up some retirement funds of their own by saving diligently throughout their working lives, lose the right to a state pension at all. ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
. People who paid years of national insurance contributions but don't live until or long after retirement age unfairly miss out on income under the current system, blasted the pension expert. ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
. The official retirement age will rise to 68-years-old by 2039, seven years earlier than previously planned, as part of plans outlined by the new Secretary of State for Work and Pensions David Gauke. ...
Forced to work until you are 68! State pension age rise brought forward SEVEN years image
. The official retirement age is now due to rise to 68 by 2039, impacting around 7million people in their thirties and fourties, the new Secretary of State for Work and Pensions David Gauke revealed. ...
State pension age to increase seven years earlier than planned image
Source : Guardian [Read Article] Wednesday 19th of July 2017 01:44:22 PM
....However, Labour and charities were quick to condemn the plans, with the shadow work and pensions secretary, Debbie Abrahams, describing them as “anything but fair”, and arguing that many pensioners faced a “toxic cocktail” of ill-health long before they reached 68. Labour said in its manifesto it would not implement the Cridland proposals, and would instead consult on varying retirement ages. ...

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