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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 25.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 135.

Only third of British private sector workforce has company pension; Thousands working into their 70s

Only a third of the British private sector workforce has a company pension and even before ageing hits the country as it has already in Japan and Germany, thousands of people are already working into their 70s. One in eight women continues working until past the age of 70 according to official figures while the ratio for men is lower at one in ten. In 2010, there were 3.2 people of working age supporting each person in retirement in the UK. Without any changes to the current old age pensions system, this ‘old age support ratio’ would drop to 2.0 by 2051. Even for those who do have a company pension, the average ‘pot’ would buy a pension worth just £1,400 a year.
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