Survey shows 8 in 10 financial advisors think higher State pension for those who work longer is not value for money.
"For the vast majority of people there isn't a benefit in deferring their pension", that's according to Denis Naughten.
It comes as a new survey shows eight in ten financial advisors believe the higher State pension for those who work for longer, does not represent value for money and won’t encourage people to postpone their retirement.
Incoming changes to the social welfare system means the maximum rate of State pension paid increases incrementally for each year that retirement is delayed between the age of 66 and 70.
The Independent Rep says, is it important that financial advisors look at all the circumstances of the individuals involved:
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