LONDON, July 25 (UPI) -- A British think tank says increasing longevity is going to require that retirement be delayed until people are 67.
The influential Institute of Public Policy Research said the fact that people are living longer means the government can only afford to fund their retirement if they delay their retirement, Sky News reported Monday.
However, the IPPR also noted that Britons are not inclined to stay in their jobs beyond 65 and regard retirement at that age as a right.
"There is a consensus among pensions experts that increased life expectancy will make it necessary for us to work longer," report author Peter Robinson said. "Our research shows that the public are not convinced, and distrust the evidence from employers, the financial services industry and government, basing their expectations on the experiences of friends and family.
"This distrust means it is vital that the Government achieve its objective of a popular consensus for pension reform."
