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Pension forecasts of retirement needs could be outdated


Many Britons in workplace pensions may be heading for financial catastrophe in retirement because they are relying on outdated forecasts, according to financial services provider PTL.
It warns some people currently saving into defined contribution pensions could face a retirement filled with financial hardship, and in some cases poverty, because they are being given a wrong idea of what money they are likely to require for old age.
There are an estimated 22.4 million people in defined contribution pension schemes, which involve workers and employers putting cash into a savings pot that will eventually be used to fund an individual s retirement.  ....

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UK companies, Schema-Root news


January 8, 2018
In an effort to vault genetics into a new era of big data, six drug companies say they will decode the genes of half a million Brits and then make the data public all by 2020. The plan will turn the UK Biobank, the source of the DNA samples, into the world s single biggest concentration of genetic and health . ....

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Will you suffer a 'horrible shock' at retirement? How to build a decent pension


Many workers are heading for disappointment when they retire on far less comfortable pensions than those enjoyed by today s older generation, a finance expert warns.
Employers dumping generous, guaranteed final salary pensions and government hikes to the state pension age are among eight hurdles that will make people saving now poorer in retirement than they now realise.
You could be in for a nasty surprise, especially if you lost income or your job in the pandemic, and even if you are prepared to make up the gap the options are basically saving harder and working longer.
Pension saving: Many workers are heading for disappointment over future retirement incomes ....

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