We’ll have to work longer and live on less in old age, warns top civil servant
Wednesday 19 December 2012
The head of the Civil Service has warned that the public will have to cut costs and work for longer to fund their retirement.
Sir Bob Kerslake said the Government had failed to hold an “honest debate” about future pensions funding and that it was “absolutely clear” the pension age would have to rise. He warned that people would face the prospect of a poorer old age.
Sir Bob, who is also Permanent Secretary at the Department for Communities and Local Government, was made head of the Civil Service last year when Sir Gus O’Donnell retired.
“It is absolutely clear that we will have to work longer,” he told the House of Lords Committee on Public Service and Demographic Change.
He added: “And to that extent I think the Government has faced up to that issue but I’m not yet sure that the country has faced up to that yet.
“There are really only three things you can do about pensions: one is to pay more when you are in work; the second is to work longer; and the third is to live with less when you retire. Probably all three are going to have to come into play here.”
The Office for National Statistics showed that women in Britain are now on average living until they are 89 and men to 85.
The Washington Post editor helped Bob Woodward and Carl Bernstein bring down President Nixon
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
- 1 Salisbury ranked seventh-best city in the world to visit in Lonely Planet’s Best in Travel 2015
- 2 Disney announces new female-led film Moana
- 3 Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Russell Brand threatened with arrest after filming outside Fox News headquarters
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
Worst Airports of 2014: Poll names Islamabad airport in Pakistan worst in the world
£50 per day: Randstad Education Cheshire: SEN Teaching Assistant EBD , Septemb...
£7 per hour: Randstad Education Cheshire: We are a large and successful recrui...
£50 per day: Randstad Education Cheshire: SEN Teaching Assistant We are curr...
£21500 - £40000 per annum: Randstad Education Plymouth: Randstad Education Ltd...