Put aside £6,000 now to compensate for lost pension - papers 18th Nov

The comment by Adrian Boulding of Legal & General came as research from Nationwide suggested most workers would rather save more than work longer, says the paper. Philip Williamson, the building society’s chief executive, said: “Our research shows that saving more for retirement now is more popular than the option of working to an older retirement age.” Pension experts believe savers underestimate the cost of a pension. To retire on an annual income of £10,000 a year, you would need to build up a pension fund of almost £140,000. The earlier you start saving, the better: a 26-year-old w...