Almost everyone in the UK will fall short of their expectations of a financially secure retirement unless they take drastic action to adjust there savings, a wide reaching survey suggests.
Aegon's Readiness Report polled over 4,000 people about their behaviour, awareness and finances related to pensions and savings. The study looked at people's expectations about retirement against the plan they have in place now, and gave them a 'readiness score' out of 100, with a score of 70 or over indicating a person is on track for the retirement they would like. The vast majority of people - 93% - failed to score a 70, meaning they will have to lower their expectations of life post-work, or up their savings. Some would need to make greater adjustments than others, with 48% sco...
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