Has the Covid epidemic altered workers’ retirement plans?

The FT is reporting that, as a result of Covid-19, nearly 1/3rd of workers over 50 (who aren’t already retired) either delayed their expected retirement date (by an average of three years) or given up altogether trying to second guess when they might be able to stop working due to the hit their investment-based pensions took during the pandemic. From the FT here.

Meanwhile, if the Tories are going to stick to their ‘triple lock’ promise, it is going to cost them £4bn more than they expected[££].

 

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