Pensioner reliance on personal pension 'growing'

Analysis by the financial services provider suggests the average pensioner couple’s income from private pensions is just £7,696, more than £8,000 below the ideal of two-thirds final salary. It says the shortfall means pensioners suffer a significant “overnight” step-down in their standard of living when they retire. MetLife points out figures, from the Annual Survey of Hours and Earnings 2006 from the Office of National Statistics, show the average salary per worker in the UK is £24,301. It says, ideally, a pensioner couple would have a combination of occupational and personal pensions d...