Pensioners £8,000-a-year short in retirement - research

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ANALYSIS from MetLife has revealed that the average pensioner couple will have an annual shortfall of £8,505 in their retirement income.

Ideally, such a couple would, through a combination of occupational and personal pensions, receive an income of £16,201 per annum, equal to two-thirds of the average UK salary of £24,301. However, the average pensioner couple currently receives just £7,696 per annum, some £8,505 below the 'two-thirds of average salary' benchmark. Rosy Atal, head of marketing, MetLife Europe, said: "Far too many pensioners see an overnight drop in their standard of living the day they retire. If pensioners are to enjoy a reasonable standard of living, then it is vital that they save more in their working...

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