Why we need to think differently about retirement
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This document discusses the need to rethink retirement and encourage more savings. It notes that less than one in five people are saving adequately for retirement. Improving retirement savings should be a top public policy priority to help prepare individuals and society for longer lifespans. The document also suggests that the UK should consider mandating retirement contributions higher than the current 8% of salary.
Why we need to think differently about retirement
- 1. Why we need to think differently about retirement
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- 5. Baroness Ros Altmann “A Pension Revolution. Every aspect is being radically overhauled and reformed. From state pensions to private pensions.” – PMI Conference, April 2016
- 7. “Less that one in five people are saving more for their retirement. That is why encouraging more people to save, and improving public confidence in retirement saving in particular, should now be amongst the most important drivers of public policy in the UK. This is how we can best prepare ourselves and our society for the changes that are coming as life expectancy continues to rise.
- 10. Lord Turner “We should be encouraging people to set aside more than the 8% salary contribution currently mandated”
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- 13. 13 KEY FACTS
- 16. Of the following options for milk, which represents the best deal? Two four-pint cartons of milk on offer for £2 Six pints of milk for £1.80 Four pints of milk for £1.40 Two six-pint cartons of milk on offer for £3.50
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