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Pension industry to wait and see

The pensions industry says it has to wait for further details of the government plans to upgrade pensions before they know what impact it will have on the private sector. Chancellor of the Exchequer Gordon Brown used his conference speech to promise pensioners an increase in state pensions, with speculation it could amount to £90 a week from next April. But the industry is unsure how this increase will be implemented. Until they know providers say they cannot assess the impact on stakehohlder and other pensions.

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