Closest to retirement least likely to know the worth of their pensions

Majority of those over 55 unsure of what savings they have for retirement

Martin Richmond
clock • 2 min read

More than three quarters of people aged 55 and over cannot put a figure on how much they have in pension savings – a number than across any other age group, according to Standard Life.

The firm's Retirement Voice study — which surveyed nearly 6,000 savers —  found across nearly all the age groups, around three quarters of respondents did not know how much money they had saved in their pension pots. The data also found this extended to just under four-fifths (79%) of savers aged between 45 and 54 years old, as well as those aged between 55 and 64 years old. According to Standard Life, the closer the saver is to retirement age, the less likely they can put a figure on exactly what they have saved for it. Managing director of customer retail Dean Butler said: "Given th...

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