Quarter of this year's new pensioners will retire in debt

Average amount owned by those with outstanding borrowing will be more than £24,000

Pensioners Money
(Image credit: Matt Cardy/AFP/Getty Images)

One in four people retiring in Britain this year will have outstanding debts, according to a study by insurer and pension fund manager Prudential.

High house prices means the figure is even greater in London, where 44 per cent of the new crop of retirees will still owe money.

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