Brits 'worst in world at saving for retirement'

Figures from HSBC show that the average retirement in the UK is expected to last 19 years, but the average person's retirement savings will last for just seven, the Telegraph reports. Christine Foyster, head of wealth development at HSBC UK, said that the 12-year shortfall was the worst found in HSBC's international study. "People are living longer, through tougher economic times, but their expectations about their standard of living in retirement remain unchanged," she said. "They are putting off the inevitable." Worldwide, the study found that people will on average run out of re...