Pension wealth doubles in 20 years but future looking bleak, research

Aegon found pension incomes have risen from £155 a week in 1995 to £297 in 2015 - largely due to above-inflation increases in the State Pension and "generous" defined benefit (DB) schemes. In addition, more pensioners continued to work part-time into their retirement - all of which has led to a "golden age of pensions", Aegon said. However, future generations face a different picture when it comes to their retirement, with more than half (57%) of people aged 50 to 64 telling Aegon they are worried they will run out of money during retirement, compared with 37% of the over-65s fretting...