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TPAS seeking to drive up pensions awareness
15 February 2008 12:00
The Pension Advisory Service (TPAS) is aiming to make more people aware of changes to the state pension, but is worried by their general 'ambivalence' on the pensions issue.
As of April 2010, Britons will only need to have made national insurance contributions for 30 rather than 39 years to qualify for a full state pension, while the statutory retirement age for women is to be increased to 65.
TPAS technical director Des Hamilton said that more women would now qualify for full state pensions as many had previously missed out because of their broken work records, while his organisation has also launched a help-line to educate people on these changes.
He explained that this was in response to low media coverage of state pension issues, while also warning that many people are not looking forward to retirement as they prefer spending their money today rather than saving themselves for when they give up work.
A recent poll by Axa found that three out of four retirees feel that their standard of living has at least remained the same since they finished working, but that just two in five expect their children to have a more comfortable retirement than they have had.
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