IP policies falling short due to rising retirement age

Thousands of income protection policies are likely to lapse before policyholders can access their pensions, the Daily Mail reported earlier today. Since announcing the rise of women's pension age to 65 to match men in The Pensions Act 1995, the government decided to increase it to 66 for both men and women by October 2020, before it rises to 67 between 2026 and 2028. Despite the Department for Work and Pensions (DWP) sending notification letters informing 1.2 million women between 2009 and 2011 - and five million people from 2012 to 2013 - about changes to state pension age, many inco...