‘Pensions tsar’ warns workers to plan for longer working life

UK
workers should expect to work beyond 65 if they want a decent retirement
income, the Government’s ‘pensions tsar’ has said.

Adair
Turner, the former director general of the CBI, was appointed by the Government
to review the state of UK pensions, and told the Observer newspaper that it was
"very unfortunate" that many employers had closed their pension
schemes in a bid to cut costs.

Turner
said employers should try to find a way to keep employee pension schemes open.

He
is due to report on the health of UK pensions next spring.

By Quentin Reade

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