Pensions are an opportunity as well as a threat

News Analysis: fund managers may be able to profit from the breakdown of insurers' annuities stranglehold

Britons need to save six times more for a comfortable retirement, warn the headlines today. But for the investment industry, there is an opportunity for selling post-retirement funds that could be worth as much as £135 billion in the next decade.

The UK's retirement crisis is now so severe that even a conservative think-tank, Policy Exchange, is recommending the government force people to save; abolishing the opt out from pension funds that they currently enjoy.

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