Ready Reckoner gives aid to advisers on pensions

The ABI has created a tool to help intermediaries illustrate the shortfall in a client's pension funding. Launched last week, the paper-based Ready Reckoner can be used to show what individuals would get when they retire with different monthly levels of savings. Richard Taylor, head of research at the ABI, said it would be targeted at those who are not currently saving to make them think about their retirement and encourage them to start saving or save more. It shows that a man aged 30 saving £25 per month who retires at 55 will receive £24 per week. A woman aged 35 saving £100 per ...