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People urged to plan for pension income to support them until they are 95
approaching retirement risk exhausting their pension savings early, new research suggests.Standard Life surveyed 1,000 people aged over 55 and still working across the UK in February and discovered that a quarter (25%) of those aged 55 to 64 were only budgeting for their retirement income to last 10 years or less, with one in eight (12%) planning for that money to support them for just one to five years.Three in 10 (29%) over-55s expect to need the same amount of cash each year throughout their retirement and just over a quarter (27%) are not sure of their retirement income needs and how they will change.John Tait, retirement advice specialist at Standard Life, said: "Many people are struggling to think more than five or 10 years ahead,