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UK Pension Strategy Faces Scrutiny Amid Economic Growth Plans

Industry leaders urge balance between boosting the economy and ensuring retirement security as government reviews pension policies.

  • Royal London CEO warns against prioritizing economic growth over retirement savings.
  • Government's pension initiative aims to add up to £11,000 to retirement pots through diversified investments.
  • Proposed changes to winter fuel payments could affect up to 2 million vulnerable pensioners.
  • Industry taskforce suggests consolidating local council pensions to reduce costs and improve returns.
  • Experts call for a long-term, cross-party approach to address the retirement savings shortfall.
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