UK workers face staggering retirement age rise

Retirement age rises have been threatening the workforce, as the prospect of a work-free life edges further and further away.

The latest World Economic Forum (WEF) report does little to stave off those woes, confirming that Britain’s retirement age will, most likely, rise to 70-years-of-age.

Retirement age rises in England, and other developed nations, have been instigated to offset deficits in the world’s six largest pension systems.

WEF warned that pension deficits would more than quadruple to $224trillion (£174trillion) by 2050, unless people worked longer and saved more – The Guardian reports.