Study reveals ignorance of state pension reforms

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Almost half of people are unaware how changes to the state pension will affect them with just over 500 days to go until historic reforms are introduced, research suggests.

A poll of more than 2,200 adults conducted on behalf of the Department for Work and Pensions (DWP) found 44% do not know what impact the reforms could have on them, with just a fifth (22%) stating they did know. Only 60% of all adults surveyed realised it was possible to take action to increase their state pension, while 38% conceded they "try to avoid thinking about" what will happen when they stop working. From April 2016, the current basic and additional state pension will be replaced by a new state pension, which aims to simplify the system and make it easier for people to plan fo...

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