Over one third of savers in Britain are not on track to reach the threshold for a minimum lifestyle in retirement, latest research from Scottish Widows shows.
The insurer's 2023 Retirement Report - published today (28 June) - revealed its newly launched national retirement forecast (NRF), which was created to assess the potential retirement outcomes for those aged between 22 and 65 years old by using a combination of factors including pensions, other long-term savings, inheritance and accounting for any housing costs. It then calculated these projected levels of income against the retirement living standards set by the Pensions and Lifetime Savings Association (PLSA). The NRF, which surveyed 5,072 respondents across a representative range of ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
