Savers underestimate how much money they need to retire by £100,000 - Foster Denovo

Highlights ongoing ‘pensions crisis’

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Jamie Smith: "In the current environment whereby savers are seeing their pension pots impacted by market volatility and record falls, it highlights that far more is needed to be done to educate savers.”
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Jamie Smith: "In the current environment whereby savers are seeing their pension pots impacted by market volatility and record falls, it highlights that far more is needed to be done to educate savers.”

Two thirds (66%) of people grossly underestimate the value of their pension pots at retirement by close to £100,000, research by Foster Denovo has found.

The UK advice firm surveyed 2,000 people and found a severe disparity between consumer's confidence and the reality of what their pensions would be worth. According to the research, one third of consumers...

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