Embargoed to 0001 Wednesday January 8File photo dated 18/10/08 of an elderly woman holding some money as people should work longer before they retire and the state pension should be replaced with compulsory private schemes in an effort to meet the costs of Britain's ageing population, a report has recommended. PRESS ASSOCIATION Photo. Issue date: Wednesday January 8, 2014. The right wing Institute of Economic Affairs (IEA) also suggested cutting employment regulations aimed at protecting older employees, which it argued could be a barrier for elderly people who wished to keep working. The free market think tank suggested that the state pension age for men and women should rise to 68 by January 2023, around a decade earlier than the plans set out by Chancellor George Osborne in last month's Autumn Statement. See PA story POLITICS Pensions. Photo credit should read: John Stillwell/PA Wire
%VIRTUAL-SkimlinksPromo%People should work longer before they retire and the state pension should be replaced with compulsory private schemes in an effort to meet the costs of Britain's ageing population, a report has recommended.
The right wing Institute of Economic Affairs (IEA) also suggested cutting employment regulations aimed at protecting older employees, which it argued could be a barrier for elderly people who wished to keep working.
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