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Pensioners told 'Check benefits before minimum age increase'
The minimum age at which a person is able to claim pension benefits is set to rise from 50 to 55.
As many people who are between these ages may want access to their pension money, the Association of British Insurers (ABI) has repeated the need to set up policies on time.
Maggie Craig, the acting director general and director of Life and Savings at the ABI, commented: "This is a very important change and it is vital that potential retirees have been notified. Details of the age change have been available for some time now.
"Advisers should be working towards concluding their client consultations and advice processes, to make sure applications for early retirement decisions are received as soon as possible, and by March 1st 2010 at the latest."
The National Minimum Pension Age is set to be increased on April 6th 2010.
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