Financial security is something we all aspire to have and to see our loved ones enjoy. However, according to a study by the Financial Conduct Authority, about 15 million people have no pension savings which means one in three retirees within the UK will have to rely completely on a state pension. The current state pension sits at £159.55 per week and without an additional private pension or life savings, this means that elderly people could be struggling throughout their retirement. These facts may seem bleak, but there are simple and effective finance tips which can be followed …
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