Those who will be renting in retirement face having to save more in their pension pot (Getty Images/Image Source) Pensioners who continue to rent in their retirement will need a pot of over half a million pounds to fund even a ‘moderate retirement’, according to new analysis.
It comes as interest rates hit 4.5 per cen t, with inflation still in double digits, hitting pensioners spending power. This means that even though their state pension has now increased to 10.1 per cent, it is still not stretching as far as before due to the cost of living.
Figures compiled by pension […]
Full Post at inews.co.uk