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    Barry this is very complex.

    All public sector pensions whether it be police, NHS, council etc are simply a ponzi scheme, as we live longer and the tax take drops they are unsustainable, so yes a crisis is looming. That doesn't take into account the state pension but the same applies.

    As for private pensions, interest rates and annuity rates are so low that accumulating a meaningful sum is, for the majority of people, a futile exercise.

    Thats not advice, its a point of view.

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