PENSIONS IN CRISIS AS FUNDS COLLAPSE

Source: Express

BRITAIN’S private pensions system has suffered a “seismic collapse” to leave millions of savers facing a bleak retirement, new figures show today.

A shocking 90 per cent of firms’ final salary retirement schemes have been closed with experts declaring the “golden age” of pensions over, according to latest research.

In a further blow, some 40 per cent of the surviving deals cannot have any more cash paid into them.

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