This Is Money Show

Will the Government raise state pension age to 68 sooner than planned - and what should those about to retire do about it?

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Sinopsis

Those aged between 43 and 54 may have been concerned by rumours this week that the Government is planning to increase the state pension age to 68 much sooner than planned.  Officially, the rise to 68 is set to happen between 2044 and 2046, but ministers allegedly want to bring forward the change to 2035 with the policy being floated for inclusion in the March Budget.  It comes as warnings have been sounded that those retiring in future decades generations will face a gap between the income that pension savings and the state pension will provide, and what they need to live even a moderate retirement.  This is Money's pensions and investment editor, Tanya Jefferies, deputy editor Helen Crane and host Georgie Frost discuss how likely this is to actually happen - and what pension savers could do to prepare for it.  We also look at mortgage rates which, having gone from all-time lows to unexpected highs in the last year and a half, could now be edging down past the 4 per cent mark.  Why have a raft of high st