Quarter to retire later than state retirement age

One in three might retire later because they have too little money in their pension pot to stop working while four in ten say they could not rely on the state to support the living standard they would like in retirement. More than half believe in compulsory saving for the nation. The survey also shows more than 40% say they do not have much money to spare, 23% worry more about their financial security than their health and 26% say their house is their only investment. Ian Naismith, head of pensions market development at Scottish Widows, says: "The current generation of over 55s is definit...