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Nearly a third of people in their 40s have no plans at all to fund their retirement and one in ten say they will 'work until they drop'.

A new investment option is available to LV= clients via the firm's Sipp and personal pension.

The volume of compensation claims relating to advice given to consumers to switch from conventional pensions to a Sipp is growing rapidly according to the Financial Services Compensation Scheme.

'Absolute carnage' could be ahead as smaller companies struggle to contend with compliance for auto-enrolment, an adviser has warned.

People aged 50 and above are turning to Sipps in their droves following the overhaul in the pensions system, according to Liberty Sipp.

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