Pensioners raid emergency savings to make ends meet

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About two-thirds of over-55s are concerned they would not be able to raise the necessary cash if faced with an unexpected payout of £500 or more, according to the Aviva Real Retirement Report.

The report, released today, said 92% of pensioners have faced unexpected expenses over the past five years, but 55% have made no provision for unplanned outlays. Aviva's research found only 6% o...

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