Pension wealth has doubled in the past 20 years, leading to a mere 7% gap between pension and work incomes, yet future retirees face a different story, according to a report by Aegon.
Aegon found pension incomes have risen from £155 a week in 1995 to £297 in 2015 - largely due to above-inflation increases in the State Pension and "generous" defined benefit (DB) schemes. In addition,...
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