Mark and Pete

The Reinvention of Pension


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Pensions are not all they seem. At any rate, the goalposts are moving. Men and women in the UK will have to wait until they are 66 to draw their state pension from Tuesday, after a decade of increases in the qualifying age for the benefit.
Ten years ago, women could claim their state pension at 60 while men qualified at 65, but changes in recent years have brought both qualifying ages in line, and phased in increases for both sexes.
The phased increase meant that someone born on 5 October 1954 reached state pension age on 6 September this year, while someone born a day later waited another month to qualify.

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