Pensions FEAR: Middle-aged workers risk poverty in old age over poor planning

Pensions FEAR: Middle-aged workers risk poverty in old age over poor planning

Poverty at pension age is a real possibility if people don’t start planning Almost three quarters (73 per cent of people aged 45-plus longing for the freedom retirement brings, the research found.

But almost half (46 per cent) of those with a pension have no idea how much it is currently worth.

Almost a fifth (19 per cent) have no pension at all, found life savings company Standard Life.Two thirds of those aged 45 and older (67 per cent) are hoping for a shift in lifestyle, keen to retire early before the state pension age kicks-in.However only one in 10 has […]

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