Savings

Retired tenants will need £445,000 pension pot

Cost of rent adds £185,000 to required savings.

9.5m saving into workplace pensions

Number of auto-enrolment savers up 26% since 2012.

Over-55s face downsizing challenges

49% held back by lack of suitable properties.

More pension savers adopt prudent approach

Increasing amount wouldn’t take any risk with pension savings.

State pension gender gap narrows in 2017

Data suggests gap stands at almost £29,000.

Self-employed concerned about pensions

Thinktank recommends auto-enrolment for self-employed.

Over-55s worried about running out of retirement income

1 in 5 feel ‘worse off’ than expected.

False confidence over pension products

Most retirees misunderstand annuity and drawdown features.

Most Brits face working into mid-60s

1 in 5 resigned to working later out of necessity.

Most retirees do not shop around for pension products

A third of drawdown sales since 2015 were non-advised.

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