AndyWolves
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- Oct 28, 2010
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I think average life expectancy has increased a fair bit since the pension was introduced so understandably it costs more. I think an uncomfortable truth is that state pension age probably will need to rise, but then make people informed enough around how they can mitigate that.Not that I will likely ever receive it being only in my 30s but I don’t think you could stop people having something they’ve paid into just because they are deemed wealthy enough already. Obviously not the same but would be like paying 10% into a private pension for 40 years and then giving that away to someone else as you had enough money.
I think we need more education around pensions, contributions etc so people really understand what pensions are and how to get the most out of them.