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Poor Future for 14m with Private Sector Pensions
19/08/2011
A report has warned that almost three quarters of people working in the private sector would be unable to 'adequately exist' when they retired. It said as many as 14million workers would retire with pensions far smaller than those enjoyed by their parents, because they had not saved enough into schemes and because the current system was far too complex.
The report highlighted that those who retire after 2020 should not expect the luxories that have been available for the 'golden generation'
Homeowners aged over 55 years who are concerned about the level of their pension and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.
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