A recent article discusses the challenges that retirees and near retirees face in the UK:
"Dr Ros Altmann, one of Britain's top pensions experts and author of the Planning For Retirement report, says: 'The old idea that the stock market can always be relied on to deliver longterm strong returns has left millions facing an impoverished old age."
While the UK has compulsory annuitization, there are many aspects of England's financial system and demographic profile that are similar to the United states.
Source: Daily Mail
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