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Public see demise of state pension as inevitable

Three quarters of the public say it is important to take out a personal pension because they believe the demise of the universal state pension is inevitable.


The research by Swiss Life and the Fabian Society shows that 24 per cent believe that pensions should be compulsory for the employed.


The report finds that 31% of employers believe personal pensions should be compulsory with 71% believing that some form of compulsion is inevitable.


There is also support for the Government to pay into the pensions of carers and the unemployed with 65 per cent willing to pay an extra penny on income tax to fund this.

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