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Retirees can expect to see their income drop by two thirds when they leave the workplace.
The GAD rate for January 2014 has been announced as 3.25% - up from 3% - a move which will help people using income drawdown, says LV=.
AXA Wealth says that the Chancellor could have done more to encourage pension saving in his Autumn Statement today to ease the pain of a higher retirement age.
The 'home is my pension' generation has doubled in the last year, according to research from a retirement specialist.
LV= has added five Blackrock funds to its LV= Sipp in response to adviser demand.

More than six million Brits over-50 look set to retire on less than minimum wage, according to financial services provider LV.

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