Pensioners Set to Rely Less On State

Summary


The state pension will no longer provide the majority of pensioners' incomes by next year, a report predicted today.

During 2003/04 the state pension accounted for 51p of every pound the average pensioner received, but by next year this is set to fall to just 46.9p, according to research by market analyst Datamonitor for financial services group Prudential.

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Pensioners Set to Rely Less On State

It said p...

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