Money Minder UK

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UK pension savings gap

In Brief: UK pension savings gap

Thursday, 12 October 2017

Making sure that you have the standard of living you want in retirement starts with an awareness of what you must save today. Whilst the government have introduced auto-enrolment and raising the pensions age, challenges still exist for people to save. The World Economic Forum (WEF) has shown that the UK pension’s gap will increase from £6 trillion to £25 trillion by 2050, due to an increase in life expectancy and the cost of providing a retirement for that length of time. Considering your pension savings could help you to maintain a certain standard of living and seeking professional financial advice could help you to assess your financial future. 

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