Higher retirement age seen

Gould: ‘On average, we are living longer and more healthily, thanks to better healthcare access’.

KUALA LUMPUR: Global and economic trends indicate that the retirement age may need to be revised further upwards again should the trend of an ageing population and longer life span continue.

JP Morgan’s managing director and head of global pension solutions and advisory Anthony S. Gould said the trend of rising dependency would cause a larger number of the aged population to be supported by a decreasing base of the younger population, which is not sustainable economically.