Uncertainty grows over pensions

Pensions can no longer be relied on to provide for retirement, so experts advise individuals to look at other saving methods

9th July, 2011

A growing chorus of voices in the pensions industry is urging people to stop relying on the state or their employers to provide adequate retirement income and to start making their own, independent savings arrangements.

Financial advisers and investment consultants - reacting to the rapidly changing market, legal and tax environment for pension saving - are telling clients they now can’t count on the state pension or company schemes to guarantee income in the future....

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