Pensioners could lose £10,000 to inflation

Updated
Pensioners
Pensioners

Pensioners retiring this year on a fixed income could lose nearly £10,000 – or 60% of their spending power – over the course of a 20 year retirement, warns Prudential, the insurer.

Soaring food and fuel costs are eroding pensioners' spending power. To beat inflation, pensioners would have to more than double their income.

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