Government launches new over 50s strategy

The government has introduced a strategy that outlines a number of new measures designed to bring state provision for over 50s in line with modern social needs.

Among the initiatives to take place under the Building a Society for All Ages strategy is a 2010 review of the default retirement age, brought forward from 2011, in order to help older people cope better with the recession by allowing them to work past 65.

The government will also be looking to increase the levels of financial support available to grandparents caring for children, as well as introducing smart cards designed to give over 50s easy access to services such as buses, libraries and leisure centres.

Minister for pensions and the ageing society Angela Eagle said: "We are now at a demographic tipping point and today’s strategy will build on foundations to equip the UK to meet the needs and aspirations of the future."

Last month, pensions policy analyst Ros Altmann suggested that working beyond the traditional retirement age should be considered by both over 50s and the government as a potential answer to the current pensions shortfall.

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