The Pension Crisis – Are You Moving Toward No Retirement?

According to a research published by the Chartered Institute of Payroll Professionals (CIPP), half of workers were nil on information about work-based pension reforms or changes declared in the recent budget. Less than third admitted to have pension provided by employer, and count for private annuity holders was even less. It indicates a pension crisis also predicting no retirement if not taken absolute actions in this regard.

Saving as much as workers can is recommended to have retirement as per the expectations. Serious consideration to pension provision is the need of the hour, for which one definitely needs to clarify a few points.

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