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Study the text below on private pensions and find 3
arguments in favour of private pensions.
Choose one argument from each paragraph.
| There is a growing number of elderly people in the UK. By 2050, one third of all people in the UK will be over the age of 65. |
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| More elderly people means more money spent on the National Health Service as the elderly have many health needs. More money must also be found for state retirement pensions. |
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| Working people today must be encouraged to take out their own private pensions to ensure a comfortable old age for themselves in the future. |
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| A private pension, which has been successfully invested, can allow the elderly to afford all the luxuries and treats that retirement is supposed to bring. |
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| Private pensions can be invested in the stock market. The money people save is used to buy shares in big companies such as Marks and Spencer. |
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| Many High Street banks offer people the opportunity to take out a private pension. |
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| There are some poor people who will need the state pension when they retire. They have not been able to afford a private pension. |
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| There are though, plenty of high earning people. They should be encouraged to take out a private pension and look after themselves. |
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| Brian Dempster, journalist. |
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