Summary
WARNINGS of a looming pensions crisis have failed to rouse the public into action, with billions of pounds more being paid out of savings and pension policies than put in.
Meagre state pension benefits and a so-called GBP 27 billion annual savings gap mean that huge swathes of the population are facing an impoverished old age.See the full content of this document
Extract
Pensions: Leaking Cash Since 2001
But, despite calls for the public to save more for their own retirement, life offices have seen a near 20 per cent drop in the level of premiums they receive each year.
New business has plummet...See the full content of this document
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