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60% of adults not saving for retirement

15 April 2008

Latest data by the Office for National Statistics show that 60 per cent of adults are not paying into a private pension. It is the highest proportion since records began 12 years ago and is further stark evidence of how people are failing to recognise the need to save for retirement.

The figure equates to 22 million of the working age population and experts warned that more and more people are condemning themselves to retirement in poverty.

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