Work until 77 to get 'gold standard' retirement, savers warned

The research from Royal London found that an average-earning person who starts saving at 22 will have to work until they are 77 to match their parents' quality of life in retirement if they are paying the statutory minimum level.  But the length of the time spent working will depend on how much one is earning and where one is living. The state pension is the same across the country and yet cost of living varies widely. The Death of Retirement report makes the distinction between a ‘gold' and a ‘silver' standard of retirement. The gold standard, for which someone would have to work ...