PICA warns of burgeoning pensioner underclass

Jenna Towler
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A boom in the pensioner population to 15 million will create a huge underclass unless changes are made to retirement options, an industry body says.

The Pensions Income Choice Association warned the number of over 65s is set to swell by 60% in the next 20 years to 15 million people. The body said hundreds of thousands of retirees could face ...

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