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Saving the losers

A critical success factor of pension reform is the extent to which it increases saving for retirement, particularly among lower earners and other groups who have lost out in the past. Without dramatically different savings habits large numbers of pensioners will continue to live in relative poverty, depending on means-tested government support.

This is illustrated by the yearly Scottish Widows UK Pensions Report, which has revealed that only half of those who could and should be saving …

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