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Pension saving warning for women – Altmann

The majority of women should not save in pensions even if there is an employer contribution, says independent consultant Dr Ros Altmann,

Speaking at Money Marketing Live in Manchester today, Altmann said women were particularly hard hit by the disincentive to save caused by Pension Credit, which comes in next month.

Altmann said: “The Pension Credit helps those with full state pension to some extent, but many women who have up to £15 less than the full basic state pension and small private funds would see 100 per cent of private pension income taken into account.”

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