27 June 2011

If you're lucky you'll have a pension

Apparently 8% of people are relying on winning the lottery to fund their retirement (according to the National Association of Pension Funds).

That links to the slightly wacky suggestion from Saga's director Ros Altmann (who usually talks sense) that a lottery should be attached to regular pension savings. If you save into a pension regularly you would eligible for a £1m lottery win which would be drawn once a month!

Might make pension saving a bit more attractive to a lottery generation!

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