"Millions of Britons face a "hell of a shock" when they reach retirement because of their failure to save. In his first major interview, the Pensions Minister, Steve Webb, admitted that the basic state pension of £97 a week is "not enough to live on", and confirmed that the Government would raise the state retirement age to 66 earlier than planned. He said that around seven million people are currently not saving enough to meet their retirement aspirations." (Independent, 29 July) RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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