By way of background, I am in a Defined Contribution pension scheme, where between my Employer and I a total of 10% of basic salary is contributed each month. The value of the scheme has not progressed as I would hope in recent years in light of the challenges in investment markets.
What I am wondering is how I will manage between the age of 65 (which is my retirement date) and 68 (which is the age at which State pension benefits will be payable to me in light of changes announced). Has anyone else thought about this?
What is the legislative position - can Employers force employees to retire at age 65, even if pension benefits are inadequate? Any views on whether this will change?
Would appreciate any insights.