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PPI: Govt reforms could hit people with health issues

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Syndaxi Chartered Financial Planners managing director Robert Reid (pictured) says: “The impact of health issues is something the Government needs to recognise in its future policies.”

The report also says 45 per cent of today’s over 50s may have to work and save for 11 years or more beyond their state pension age if they want to replicate their working life living standards in retirement.

A DWP spokeswoman says: “Life expectancy is increasing dramatically, so we have raised the state pension age to make sure the state pension remains sustainable for the future. And it is important that people have the opportunity to work longer if they want to, which is why we have removed the default retirement age.”

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