Britons take pensions earliest in Europe but go on working

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Britons take their pensions earlier than workers in other EU countries, but also work later into old age, research suggests.

The findings offer a warning to savers who planned to access all of their pensions under the new retirement freedoms next year, that if they take too much, too early they could be forced to work longer. The average British worker first accessed personal pension savings at the age of 58, according to research by The European Commission, the Telegraph reports. In just a handful of eastern European countries did people take their pensions earlier. By contrast, Spanish workers accessed pensions at 62 on average - four years later than British employees. The gap was seven years in Norwa...

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