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Defence strategy.

Germany is following in the UK's footsteps on pensions. Europe's leading economic power is now trying to defuse the demographic timebomb that is set to explode the state pension system and is searching for alternative provision, says Keith Sankey.

For some time, the National Association of Pension Funds (NAPF) has
been proud to boast that the value of pension fund assets here in the UK
is more than in the rest of the European Union put

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