If the government had any hope the economic concerns of the UK electorate were easing, it had a nasty jolt yesterday when not one but two reports highlighted serious concerns about the way in which voters are being left out of pocket by falling annuity rates and the recent rise in house prices.
The first report from the Institute of Fiscal Studies claims only 9.8% of the next generation of pensioners will be at risk of having an inadequate retirement income because, in part, of the recent rise in property prices. But those who have a private pension from which they are not yet drawing an income may be over-estimating by as much as 20% the income they will receive from their pensions. The IFS says these discrepancies could either be because individuals intend to increase significantly their private pension contributions between now and retirement or because they are overly op...
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