Two thirds of Brits still plan to rely on the state pension to fund their retirement, according to research released today.
The research, from professional advice website Unbiased, showed 65% of people planned to rely on the state pension for retirement income. However, reliance on the state fell to 44% for under 35s. There was also considerable reliance on ISAs for retirement income - with a quarter of the population planning to draw on these and almost half (47%) expecting a private pension to play a part in their retirement provision. Only 4% of the population expect to rely on the government's NEST pension scheme. The middle generation (35-54-year-olds) was least likely to rely on general savings (1...
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