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Will you save for your retirement?

A generation of Britons are facing a cash-strapped retirement as they refuse to save more in response to the changing pensions landscape, a report indicated today. People who have yet to retire know they will live for longer than previous generations and understand that company pensions are likely to be less generous when they retire, according to HSBC. But despite this, and the fact that many hope to switch to a part-time job in their 50s and stop work completely by the age of 62, only 39 per cent of people have a financial plan to ensure they have the retirement income they want.