A nation fooling itself: Why most pensioners will have to depend on government handouts
[September 24, 2003 - Times - London] MORE than half Britain�s workers will be forced to rely on state hand-outs in retirement, although most have fooled themselves into expecting a comfortable old age, a new pensions study shows. The Pension Map of Britain 2003, a study by JPMorgan Fleming, the investment bank, paints a grim picture of a nation of workers that is failing to save for retirement but clinging to the belief that they will have a retirement income of almost �19,000 a year. ...