{"id":59352,"date":"2025-08-11T06:30:15","date_gmt":"2025-08-11T06:30:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/59352\/"},"modified":"2025-08-11T06:30:15","modified_gmt":"2025-08-11T06:30:15","slug":"raise-retirement-age-to-match-life-expectancy-say-managers","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/59352\/","title":{"rendered":"Raise retirement age to match life expectancy, say managers"},"content":{"rendered":"<p class=\"author-section byline-plain\">By ANNE ASHWORTH <a rel=\"nofollow noreferrer noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intent\/follow?screen_name=AnneAshworth&amp;tw_p=followbutton\" class=\"twitter-follow-author\"><\/a> <\/p>\n<p class=\"byline-section\"> Updated:  16:50 EDT, 10 August 2025   <\/p>\n<p class=\"mol-para-with-font\">Demands are mounting for a rise in the state retirement age, against the background of concern over spiralling costs.<\/p>\n<p class=\"mol-para-with-font\">Many managers believe the age should be raised further to reflect improving life expectancy.\u00a0<\/p>\n<p class=\"mol-para-with-font\">A poll of executives conducted by the Chartered Management Institute (CMI) found about half those aged 55 or over agreed a rise was necessary. Among younger managers, 33 per cent supported reform.<\/p>\n<p class=\"mol-para-with-font\">But some 51 per cent warned of the physical strain of certain jobs. Mental health was also an issue.<\/p>\n<p>   <img decoding=\"async\" id=\"i-aa5e7628328953ad\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/101088789-14987847-image-m-17_1754855177513.jpg\" height=\"489\" width=\"634\" alt=\"Close to the edge:\u00a0Demands are mounting for a rise in the state retirement age, against the background of concern over spiralling costs\" class=\"blkBorder img-share\" style=\"max-width:100%\" loading=\"lazy\" \/>   <\/p>\n<p class=\"imageCaption\">Close to the edge:\u00a0Demands are mounting for a rise in the state retirement age, against the background of concern over spiralling costs<\/p>\n<p class=\"mol-para-with-font\">CMI boss Ann Francke said: &#8216;Getting this right is essential to unlocking productivity and future-proofing our economy. A country that asks citizens to work longer must be a country that values their experience and supports them.&#8217;<\/p>\n<p class=\"mol-para-with-font\">Work and Pensions Secretary Liz Kendall has begun a review of the state pension age, which is currently 66 but will rise to 67.<\/p>\n<p>DIY INVESTING PLATFORMS<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/1754893813_573_A J Bell 2022_122X84.png\" alt=\"Easy investing and ready-made portfolios\" \/>AJ Bell<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/1754893813_573_A J Bell 2022_122X84.png\" alt=\"Easy investing and ready-made portfolios\" \/>AJ Bell<\/p>\n<p>Easy investing and ready-made portfolios<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/HL-Logo_122x84.jpg\" alt=\"Free fund dealing and investment ideas\" \/>Hargreaves Lansdown<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/HL-Logo_122x84.jpg\" alt=\"Free fund dealing and investment ideas\" \/>Hargreaves Lansdown<\/p>\n<p>Free fund dealing and investment ideas<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/ii_thisismoney_122x84.png\" alt=\"Flat-fee investing from \u00a34.99 per month\" \/>interactive investor<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/ii_thisismoney_122x84.png\" alt=\"Flat-fee investing from \u00a34.99 per month\" \/>interactive investor<\/p>\n<p>Flat-fee investing from \u00a34.99 per month<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/1754893815_369_122x84 Blue.png\" alt=\"Account and trading fee-free ETF investing\" \/>InvestEngine<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/1754893815_369_122x84 Blue.png\" alt=\"Account and trading fee-free ETF investing\" \/>InvestEngine<\/p>\n<p>Account and trading fee-free ETF investing<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/1754893815_361_T212Logo_Icon_130x90.png\n\" alt=\"Free share dealing and no account fee\" \/>Trading 212<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/1754893815_361_T212Logo_Icon_130x90.png\n\" alt=\"Free share dealing and no account fee\" \/>Trading 212<\/p>\n<p>Free share dealing and no account fee<\/p>\n<p class=\"tim-affiliate-text\">Affiliate links: If you take out a product This is Money may earn a commission. 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This does not affect our editorial independence.<\/p>\n<p><a href=\"https:\/\/www.thisismoney.co.uk\/money\/diyinvesting\/article-1718291\/Pick-best-cheapest-investment-Isa-platform.html?ico=tim-affiliate_desktop_bottom-link-click\" target=\"_blank\" class=\"optional-btn-wrapper\" rel=\"nofollow noopener\">Compare the best investing account for you <\/a><\/p>\n<p>                    Share or comment on this article:<br \/>\n                        Raise retirement age to match life expectancy, say managers<\/p>\n<p>        <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"By ANNE ASHWORTH Updated: 16:50 EDT, 10 August 2025 Demands are mounting for a rise in the state&hellip;\n","protected":false},"author":2,"featured_media":59353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,187,4222,184,185,4221],"class_list":{"0":"post-59352","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-money","13":"tag-moneypensions","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-thisismoney"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/59352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=59352"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/59352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/59353"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=59352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=59352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=59352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}