Will you retire on £21k a year? Most savers fear they will miss ideal income goal for comfortable old age

Will you retire on £21k a year? Most savers fear they will miss ideal income goal for comfortable old age

The majority of workers in the UK’s biggest cities are pessimistic that their pensions will provide for a comfortable old age, new research reveals.

People in Belfast, Cardiff and Nottingham are least likely to be confident about their retirement finances. Meanwhile, the workforces of Plymouth, Newcastle and Manchester are most optimistic, but even in those places less than half believe they will have enough put by for later life, according to the survey by Prudential.

Overall, just 36 per cent believe they are on course for a decent retirement, which on average they estimate will require an income of £21,120 a […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.