Fear driving pension savings - Widows Report

The Report uses two key measures to monitor pensions savings behaviour in the UK: the Scottish Widows Pensions Index and the Scottish Widows Average Savings Ratio. They are based on those who could and should be preparing financially for retirement, those aged 30 or over (and not retired) and earning at least £10,000 a year. The 2008 Pensions Index, which measures the percentage of those currently making adequate provision, was 51% compared to 49% last year. People are treated as preparing adequately if they expect their main income in retirement to come from a DB pension scheme or if the...