New research indicates lazy Brits have only themselves to blame when it comes to inadequate pensions retirement sums.
Research commissioned by Scottish Widows, questioning 4236 UK adults, finds the propensity to save is NOT linked to an individual’s salary or earnings as one-third of those people not saving earn in excess of £30k annually. The pensions provider finds only half (55%) of Brits are saving enough to provide adequate retirement funds, dropping to 30% after deducting those people attached to final salary pension schemes. Moreover, those workers not attached to such schemes and aged over 30, are only putting 9.3% of their income towards their retirement annually, with Scottish Widows estimat...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes