By kicking retirement reforms down the road again, vote-hungry politicians are allowing a wealthy generation to prosper at the expense of the young

There is an election coming, so reforms that harm the finances of older voters are off the table.

The over-50s dominate participation in local polls even more than they do in general elections, so it was little wonder that a proposal to bring forward the date when the state pension age starts to rise to 68 – adversely affecting millions of people born in the 1970s – was considered toxic by the government and kicked into touch at the end of last month.

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