Pension saving: People are falling far short of the average target of building a £250k pot, a survey finds Savers aim for a pension pot of £250,000 on average but end up with just over half of that in reality, new research reveals.
People have £131,000 on average by the time they reach retirement, a massive shortfall in the amount they hoped to have available to buy an annuity or invest to generate an income.
A £250,000 pot can buy an annuity – which provides a guaranteed income for life – worth £12,091 a year at today rates, according to Standard […]
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