Retirees are being warned to brace themselves for limited pensions once outstanding
One in three Britons over the age of 55 have yet to pay off their home
The firm found average monthly repayment on outstanding
Chris Tapp, director of charity Credit Action, comments: “These findings show that the financial difficulties of those entering, or already in, retirement show no sign of easing in 2008, if anything the picture is worsening.”
He advises pensioners who are already feeling the strain to “take action” immediately.
One way of doing this is to switch to a more competitive
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