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The Government billed their Pensions Green Paper "Simplicity, Security and Choice: Working and saving for retirement", as one of the biggest shake-ups in the UK pension system for years. In the event, it proved something of an anti-climax.
In fact the financial position of the UK pension funds has deteriorated significantly since the mid-1990’s. This position poses a real potential danger to some employees. If a company goes bust while its pension fund is in deficit the pension will not be protected. Just how worried are people about their retirement prospects?