Scottish Widows: half of UK not saving adequately for retirement

While figures are slightly up on previous years, this is mainly due to an increase in non-pension savings, with consumers saving more for the short term. Despite these figures, 37pc of people have admitted that they are worried about having nothing in retirement, up from 34pc in 2007. The report, which was first launched in 2005, uses two key measures to monitor pensions savings behaviour in the UK: Scottish Widows own pensions index and its average savings ratio. Although these have risen in the last year, savings levels are still falling short. The pension index, which tracks t...