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Pension reform to boost take-up

The largest shake-up of the pension system in more than a century will mean more than half a million people will be saving for one for the first time by Christmas, according to the Government. Employees are to be automatically enrolled into schemes.

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New 'opt-out' pension scheme could cause 'false sense of security'

The new 'opt-out' pension scheme where employees are automatically enrolled in to saving for their retirement could cause a false sense of security among savers, says Ros Altman:

I see a real danger of people being lulled in to a false sense of security. A lot of people have no idea just how much you need to save to provide a decent pension.

– Dr Ros Altmann, Director-General of the Saga Group

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