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Standard cals for universal pension

Standard Life says the current State Pensions system should be
replaced with a single pension benefit for all because the current
state pensions system is too complex and discourages people from
savings.

Speaking at a fringe event at the Labour Party conference this week
Standard managing director, marketing Simon Douglas said: “State
Pensions reform is essential if we are going to make any impression
on the savings gap. We need a state system that is clear, simple and
fair. People also need to be confident that they will get the benefit of
any additional provision they make for their own retirement.”

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