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BBC: Half of the UK has no Pension Pot

28 May 2009

According to a study commissioned by the BBC half of British adults do not have any pension savings. The results showed that the lack of savings was most prominent among under-30s, with only about one-third putting anything into a pension scheme. A high level of debt was blamed by many young people as well as the perception that retirement was too far away to think about.

On a similar note the Association of British Insurers (ABI) has published a short leaflet on the importance of pensions titled "People Need Pensions".

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