One in eight will retire with no pension in 2018 - Prudential

The insurance giant's Class of 2018 study also showed, however, that the number of those retiring without a pension is now 14% lower than in 2017, and nearly half the 23% level recorded in 2008. According to Prudential, anyone without pension savings will be left starting their retirement with an annual income that stands some £1,452 below the Joseph Rowntree Foundation's minimum income standard for a single pensioner. The 10% of retirees either relying entirely or somewhat on the state pension will have an income of £164.35 a week, or just more than £8,500 a year from April. The J...