05 June 2019
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"Many under-50s will receive less generous pensions under their defined contribution schemes" - Canada Life Home Finance's Alice Watson
The UK's younger generations are three times more likely than their elders to rely on their property wealth to fund retirement, research by Canada Life has indicated.
The insurer's research suggested some one in 10 (9%) of 16 to 54 year-olds expect the wealth stored in their homes to be their main source of income in retirement. That is triple the proportion of those...
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