'More choice wanted' on pension age

Updated
PA
PA

%VIRTUAL-SkimlinksPromo%People want more choice over when they receive their state pension - even if this means they end up being thousands of pounds worse off over the course of their retirement, a report has found.

PwC, which made the findings, argues that the notion of having a "one size fits all" state pension age should be ditched in favour of having a "state pension window" which would allow people to choose when they receive their state pension between a range of ages, and receive an adjusted amount for the life of their pension based on their chosen start date.

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