Friends Prov calls for doubling of state pension

With large numbers of people completely reliant on the state to provide for them in their old age, Friends Provident says employers and the Government need to do more to deal with Britain's pensions crisis. Research by the firm found £832 is the average monthly amount needed to live a comfortable retirement, before mortgage payments and rent are even considered. Currently, the basic state pension is just £393. Despite the low amount paid by the state, 57% of those surveyed say they will rely on taxpayers to fund their retirement, and 56% want the Government to increase the value of the...