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State pension age increases have “encouraged older ages of retirement” in the UK, analysts are claiming. Retirement experts are reacting to the Department for Work and Pensions’ (DWP) latest report on the over-50s labour market. For 2024, the average age someone exits the workforce to retire has soared to the highest level since records began. Britons are now retiring at around 65 and 64 years old for men and women, respectively. As it stands, the age someone is able to access their full state pension is 66 but this is set to rise in the near future. The age threshold will jump to 67 between 2…

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