State pension: France protests Macron’s age increase but UK’s to be raised even more | Personal Finance | Finance

Tom Selby, the head of retirement policy at AJ Bell, explained: “No country has experienced quite as much controversy over state pension reform as France, with the Government previously reluctant to push through change for fear of sparking mass protests.

“Indeed, pensions were part of the reason we saw the angry ‘Gilet Jaunes’ demonstrations in 2018 and 2019.

“However, all countries will eventually have to face up to the demographic time bomb, with a growing older population and a shrinking younger population to support them.

“In the face of this, increases to the state pension age are ultimately inevitable. While a two-year rise in the state pension age will undoubtedly be unpopular among French voters, it is hard to imagine this relatively moderate increase will be the end of the story.”

Check Also

Scottish power slammed as they secure warrants to force fit prepay meters into homes | Personal Finance | Finance

Scottish Power’s drive to force Prepayment Meters (PPMs) on customers has been labelled obscene by …