One in every two Brits has no clear idea of how pensions work, where the money is invested or how mu...
One in every two Brits has no clear idea of how pensions work, where the money is invested or how much should be saved to achieve a satisfactory pension later in life, Standard Life says. This comes as figures from research - conducted on behalf of SL - suggest most people consider 50-70% of their current net income as being enough for a comfortable retirement. Yet, a majority of the people polled expect it will be hard to save a sufficient amount of money needed for an adequate pension. Most people seem to be aware that they aren't saving enough, but only one third s...
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