Commenting on the Department for Work and Pensions ‘Framework for the analysis of future pension incomes' report, Andy Zanelli, head of retirement planning, AXA Wealth, on why now is the time for action.
Today's report from the Department for Work and Pensions reveals that the pensions gap in the UK is worse than previously thought, with up to 13 million people facing a drop in living standards in retirement. The DWP report paints a stark picture for the future of retirement in Britain and highlights the need for immediate action. Today's figures support research from AXA Wealth** earlier in the year that found the average shortfall in pension provision in the UK was more than 20% and people will be £4,613.96 a year worst off in retirement than they expected. Worryingly, our research fou...
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