Think tank predicts the end of private pensions

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The private pensions industry is set to wind down as young people increasingly retreat from retirement saving, the Centre for Policy Studies (CPS) has warned.

Contributions tumbled 25% over the last six years to £7.7bn in 2012-13, including basic tax relief, while investment in stocks and shares ISAs grew 59% over the same period to £16.5bn, according to CPS...

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