Government: Take advantage of workplace pension

Pensions Minister, Steve Webb said we need to take advantage of workplace pensions, to ensure we plan for our futures.

A report out today has warned that one in three are not saving for their retirement, with two thirds of people fearing financial hardship.

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'Significant cuts' for retirement

UK workers are having to make "significant cuts" to their living standards to prepare for retirement. With savings usually lasting around seven years, the average retirement is expected to carry out for 19 years.