Pensions reformer says a compulsory scheme needed

The government should introduce some type of compulsory pension and increase the state retirement age if it wants to resolve the country’s pension crisis, according to Lord Adair Turner, a leading pension reformer in Britain.

21st October, 2006

Turner told The Sunday Business Post that an increase in the state pension age would be ‘‘like the smoking ban - immensely politically unpopular at the time, but, once it’s introduced, people realise it was a good idea’’.

Turner was in Dublin to address an Irish Life pension conference last week. ‘‘We are all living longer and we cannot go on forever living longer in retirement,” said Turner. He...

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