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New Age Pensions

A few years ago, we thought the UK had successfully addressed its long-term pension challenges. With more retirement savings in this country than in the rest of Europe put together, rising company or private pensions were expected to supplement falling state pensions, allowing government pension spending to remain around 5% of GDP (despite the huge rise in numbers of older people).

This complacency has been replaced by a growing realisation that pensioners’ incomes are far too…

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