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UK's pension saving woes

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Uploaded by on Jul 27, 2009

Nearly three quarters of people in the UK have no pension plan in place, leading to the prospect that many will live in poverty during their retirement.

Datamonitor claims that two thirds of people globally have no provision in place and the current economic climate is set to make things a whole lot worse.

Datamonitor's life and pensions lead analyst Annabel Gorringe says the results are alarming and people could live to regret it.

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