A rapid across-the-board increase in the pension age to 70 by 2030 is too crude a solution to the pension crisis, Adair Turner, chairman of the Pensions Commission, told the annual meeting of the National Association of Pension Funds.
Mr Turner, who has promised to deliver his commission's report before November 30, gave no hint at where it would come out on a spectrum of solutions to the mounting pension problems, ranging from "encouraged voluntarism to compulsion".
However, he said that although the simple flat-rate citizen's pension proposed by the NAPF was an "interesting, and clear proposition", there were also significant counter-arguments.
By William Hall
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