Pensions: Crisis management
Philip Goodchild and Jennifer Watson look at the pensions crisis and the role of the financial ombudsman service in dealing with the disputes arising from it
More than 12 million working people are not saving enough for their retirement, a major report into pensions has found. The Pensions Commission was asked in 2002 to look into the state of UK retirement provision and has recently reported that a combination of higher taxes, increased saving and a higher average retirement age is required in the light of the UK’s pensions crisis.
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