Buzz: Govt must implement retirement early warning system

clock • 1 min read

Respondents were split over whether the government should put in place an early warning system to urge people who were 10 years from retirement to seek advice on their pension. The idea had more supporters than critics however, and many people who rejected it did so because they thought people should be contacted sooner than suggested.

One supporter explained: "10 years gives people sufficient time to a) increase savings level; b) consolidate smaller pots; and c) as they get closer to the point at which they need income, start to...

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