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Over-40s are increasingly turning to their parents to fund their retirement as experts warn the state pension age could rise to 70. Currently set at 66 for both men and women, the state pension age is already scheduled to increase to 67 between 2026 and 2028, and to 68 between 2044 and 2046. However, the International Longevity Centre (ILC) has suggested the state pension age may need to reach 70 by 2040 to maintain the existing ratio of workers to pensioners. This potential shift is causing concern among Britons who are struggling to save for retirement due to growing societal pressures which…

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