Savers losing faith in company pensions

In its latest annual snapshot of Britain’s retirement savings culture, Widows found pension savings is generally improving, but notes the gap between men and women is widening. The survey found just 40% of pensions savers are confident their company pension will provide them with a reasonable standard of living in retirement, down from 51% in 2007. Despite this, savings levels have improved, with average savings increasing to 9.3% in 2009, up from 8.7% last year and the highest figure recorded by Scottish Widows since 2005. Overall, the percentage of people saving adequately for th...