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L & G warns against scoring pensions own goal

As the nation plunges into football frenzy, Legal & General is warning stars and fans alike that even premiership footballers could face a massive income shortfall when they retire.

The life office claims the likes of Shearer, Owen and Beckham could score own goals in their pension planning and be forced in to retire with just a fraction of their present earnings.

L&G says even a star player earning £25,000 a week making maximum allowable contributions to their pension could face retired life on £25,000 a year.

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