Increasing the retirement age won't matter to most of us

Michelle McGagh
Portrait of mature female bodyboarder, Devon, UK
Portrait of mature female bodyboarder, Devon, UK

The age at which workplace and private pensions can be accessed is predicted to increase - but as we all live and work longer, does it matter?

Ask most people what the UK's retirement age is and they'll tell you it's 65 - because most people think that the age at which you can take your pensions is the same as the state pension age. However, they'd be wrong as you can actually start accessing your pension from age 55.