Millions hope lottery win will fund retirement

Skandia research suggests many people are so poorly prepared for retirement they are relying on luck to fund their old age. The survey of 3,000 people found 51% are concerned about how they will pay for retirement. While the majority believe traditional savings vehicles, such as pensions, savings accounts and other investments, will pay for their retirement, a worrying number hope good fortune will prevent them from living an impoverished old age. More than two thirds of those surveyed say waiting for a large inheritance payout is a realistic option to pay for their retirement, whi...