One in seven will retire in 2014 with no personal pension - Pru

The provider's Class of 2014 study found 14% of those approaching retirement have made no personal pension provision, with women nearly three times more likely to rely on the state pension than men. This year's male retirees expect the state pension to make up 28% of their total retirement income on average, rising to 42% for women, according to Prudential's findings. Company pension scheme income is expected to make up 42% of total income for male retirees on average, falling to 27% for women. The research also showed that nearly one in five of those planning to retire this year w...