A thought for the day, said to be attributed to writer Dorothea Kent:
“A man ninety-years old was asked to what he attributed his longevity.
“I reckon,”he said,with a twinkle in his eye ,”it’s because most nights I went to bed and slept when I should have sat up and worried.”
The Daily Telegraph reports that :
‘Under the last Labour government, plans were in place to increase the state pension age for women to 65 by 2020 and to 66 for both sexes by 2026. It was then due to rise in stages, reaching 68 for men and women in 2046. However, the new figures show that life expectancy is increasing so rapidly that a child born today will live two and a half years longer than one born when Labour drew up its plans in 2006’
For the full report you can go to :
http://www.telegraph.co.uk/news/newstopics/politics/7927391/Pension-age-of-66-within-five-years.html
This rapid change in life expectancy, which seems to continue to take the fiscal planners by surprise, means the inevitable acceleration in the raisng of the qualifying pension age to a level believed to be financially sustainable for the taxpayer. The challenge for us all now is to plan for this change, and to make the necessary social and financial adjustments necessary so as to maximise the benefits to be derived from this gift of extra time.
