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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

UK pension system `worst in Europe`

14/11/2007

The UK`s state pension system has been named the worst in the whole of the European Union for the second year running by a new report.

Those in the UK who have retired receive a pension equivalent of just 17 per cent of their average lifetime earnings, way below the European average of 57 per cent, forcing many to seek debt advice, a study by Aon Consulting has found.

Comparing 25 countries, the report said that only the lowest earners, who are benefiting from government initiatives, receive close to the European average. Denmark pays its senior citizens the most in Europe - the second consecutive year it has headed the poll.

Donald Duval, chief actuary at Aon Consulting UK, said: "More needs to be done to restore confidence in private schemes so as to drive an increased level of contributions - people cannot afford to rely on the state pension, which remains the lowest in Europe."

Aon is one of the largest risk management and insurance brokers in the world

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according