Retirement saving levels hit 'record high' - Scottish Widows

The Scottish Widows Retirement Report polled 5,000 people and found more than half were on track with their retirement savings. For the first time in the report's ten-year history, the average proportion of earnings being banked for retirement hit 12% - the percentage recommended by the provider. It said this was more than twice the 2006 level (6%) and a third higher than 9% reached in 2013. It also showed that outside of pension savings, people are saving on average £142 a month towards their retirement. This was up 8% on last year's figure of £130. The report added almost one in ...