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UK Urged to Embrace Aging Workforce Amid Pension Crisis

12/19/2025

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Summary

Story summary

A House of Lords report warns the UK is unprepared for ageing society and that older people should remain in the workforce longer.
Committee chair Lord Wood of Anfield criticized raising the state pension age as a "red herring" that increases pensioner poverty.
The report notes young people must plan for longer working lives and save earlier.
Without immediate action, the report warns of worsening pension poverty and intergenerational strain.

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Story summary

A House of Lords report warns the UK is unprepared for ageing society and that older people should remain in the workforce longer.
Committee chair Lord Wood of Anfield criticized raising the state pension age as a "red herring" that increases pensioner poverty.
The report notes young people must plan for longer working lives and save earlier.
Without immediate action, the report warns of worsening pension poverty and intergenerational strain.