Government's backtrack on public sector pensions could lead to trouble

By going back on its plans to increase the local government retirement age from 60 to 65, the Govern...

By going back on its plans to increase the local government retirement age from 60 to 65, the Government has not only wasted a valuable opportunity to equalise an existing disparity between public and private sector workers but also sent out a poor signal about its appetite for radical change ahead of Adair Turner's long-awaited second report, due in the autumn. The argument that we are living longer, spending a greater proportion of our lives in retirement, is a well-trodden one and should be familiar to every cabinet minister. Increasing numbers of people are falling back on means-teste...