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One in seven individuals across the country have never examined their retirement savings, according to jaw-dropping new research. New research from Standard Life has found state pensioners need to exercise more vigilance financially.

The report found retirement funds remain largely ignored by a significant portion of the population. Gail Izat, the managing director for Workplace Pensions at Standard Life, part of Phoenix Group, emphasised the importance of regular monitoring.

She issued a warning this week to Department for Work and Pensions ( DWP ) state pensioners and explained: "Your pension pot might not need daily attention like your bank account, but checking it at least once a year is a smart move."

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