Retirees expect less than £15k per year - study

Research conducted on behalf of Aegon found 44% expect under £15,000 income per annum while only 14% expect their pension savings alone to produce more than £15,000 a year. Aegon also says only one in three intends to stop working in retirement but points out it is out of choice rather than necessity. In addition, 87% of those questioned want some form of guaranteed income in retirement while 22% fear running out of money after they finish working. Aegon says the results of the research, in which more than 2,100 people were surveyed, highlight the dawn of the age of the grandad-olescents...