Calls to combat 'pension pinch'

The call comes in response to the 2008 longevity research audit from the Oxford Institute of Ageing which reveals half of the UK’s 34 million working population do not currently contribute to a personal pension. Rt Hon the Lord Hunt of Wirral, chairman of the Life Trust Foundation, warns it is hard for individuals and businesses to take a long-term view in the current economic climate. “We need to work to make it as easy as possible for people to plan their finances throughout the course of their lives, and to make sure that they avoid getting caught by a ‘pension pinch’ in their later ...