There are serious inequalities in how Britons save for retirement and in the health of those who have retired. Why?

The pensions system has fallen under the gaze of the Institute for Fiscal Studies, and not before time.

Retirement is a vexed subject and little discussed in the UK, where there has always been a feeling among policymakers that a higher birthrate than most developed countries and buoyant levels of immigration – almost exclusively of working-age people – meant Britain was immune to a global problem with ageing.

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