Pre-retirees underestimate their future spending in retirement by up to £100,000, with many believing they will improve or, at least, maintain their current living standards, according to a new study by Tilney.
Research by the firm found over-45s expect to spend £16,456 per year in retirement on average - a total of some £325,000 throughout their later life (based on 20 years). However, it was more likely...
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Quarter of single pensioners dependent on state