Monday, March 3, 2008
Britain’s pensions crisis is “worse than originally feared.”
Many private sector workers face poverty when they retire. Nearly three-quarters of private sector workers are facing poverty in retirement, a report has warned. They do not have a company pension or any other type of pension savings apart the state pension, which is only £87.30 a week. The report, from the Policy Exchange think-tank, says the scale of Britain's pensions crisis is "worse than originally feared."