Savers could face 50% pension shortfall after financial crisis

A report from the bank, on the future of retirement, found more than one in five people (21%) reported the financial crisis had significantly affected their ability to save for retirement. Researchers calculated UK savers who got into debt or severe financial difficulty saved on average half as much as those who did not, and suffered a 51% shortfall in their retirement incomes. The report found that positivity among savers was increasing, with 31% of workers feeling more confident about their financial future this year, but more than half (52%) said rising living costs were outstrippi...