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Old 11th May 2014, 12:11
  #25 (permalink)  
Just This Once...
 
Join Date: Apr 2005
Location: UK
Posts: 2,167
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As for age 60 - they aren't expecting to offer this (to the current cadre of SP) until at least late next year as there is some considerable modelling to do in order to get this right. Too many offers and it could log jam promotion flows for some time.
This will do little to address the current PAS problems. The offers over the last few years are tied to age 55, despite age 60 being on the cards for AFPS15. This is especially difficult for the PAS scheme as it is specifically linked to an enhanced pension, which is tantalising out of reach for the current cadre who fall short of the 10 year protection. They should have linked the offer to the full pension point (rather than 55) as there is zero problem with promotion flows with PAS.

Quite frankly they do not have time to wait another year or so as the deficit, loss rate and poor uptake are problems right now. Once they are gone, they tend to be gone forever….
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