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World

How to defuse the pension timebomb

24 April 2024

9:56 PM

24 April 2024

9:56 PM

Another day, another smart report arguing for higher payments into our pensions. Standard Life and WPI Economics have published a paper saying that minimum contribution rates into workplace pensions must rise.

Today, workers contribute a minimum of 5 per cent of their salary to their pensions while their employer pays in 3 per cent.

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