One in seven to rely on state pension

Prudential's study of 8,676 UK adults finds the average person planning to retire this year will rely on the state pension for more than a third (36%) of their income. Almost a fifth (18%) of those planning to retire this year will be below the Joseph Rowntree Foundation's measure of poverty. A single pensioner needs an income of at least £8,254 a year to be above the poverty line, according to the charity. Women are nearly three times more likely than men to have no other pension. A quarter (23%) of women retiring in 2013 will retire without a private pension, compared with 8% of men...