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Two in five over-50s (44%) have had to cut back on luxuries such as eating out and takeaways due to the rising cost of living, according to a new report.

As retirement ages get pushed back, new research suggests UK workers are far from confident that they will be able to do their job by the age of 70.

Retirement provider Standard Life, part of Phoenix Group, has reported a business boost from the growing popularity of annuities.

The number of people aged 100 or over has doubled in the last 20 years while the number of 90-year-olds is steadily climbing, according to newly-published official government figures.

The majority, 53%, of UK savers would prefer their pension money invested in the UK, according to new consumer research from the Pensions and Lifetime Savings Association.

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