Superannuation is not just a cost problem. We should recognise that people hold strong views on the social value of retirement income and want stability, not reform.
A change of government means the age of eligibility for New Zealand’s public pension will stay at 65. Meanwhile, the UK hastens its state pension age increase to 68.
Mortality data in the UK has continued to show a slowdown in the trend towards longer life expectancy. Suspicions that the early signs were a blip have been dashed. We are still living longer than before, but the rate at which average lifespans are improving is slowing down. Attention is turning to what has caused this trend.