Yet more gloomy news for the nation's savers...
Fifth 'saving nothing' for retirement A fifth of workers are failing to save anything for retirement, Scottish Widows research suggests. The report also found those aged between 30 and 50 are falling behind older people in saving for retirement. Some 59% of those aged over 50 are preparing financially for their retirement compared with 47% of those aged 30 to 50. The survey also found 49% of those surveyed were not making adequate provision for their retirement - defined as saving at least 12% of earnings a year. MORE...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes