Savings

Divorce reduces pension pot by 16%

Divorcees who are due to retire this year will be 16% worse off than married individuals.

Delaying retirement ‘would boost pension income’

Adults approaching retirement could add £46,388 to their savings if they defer their pension by 5 years.

Retirees fear savings will dry up

35% of retirees worry about running out of cash before they die.

Bleak retirement outlook for Millennials

1 in 10 global workers think Millennials are in the best position for a comfortable retirement.

Workers saving more to meet retirement goals

72% of workplace savers are expressing an interest in personalising their pension to suit retirement needs.

1 in 7 people without a private pension

1 in 7 people aged 55-65 are approaching retirement without a private or workplace pension.

Over-50s retire too early

Four in five retirees wished they had worked longer, according to research by SunLife.

‘Start saving for retirement in your 20s’, says watchdog

Which? urges consumers to save a little more for retirement

Self-employed not planning for retirement

52% of self-employed people do not have a retirement plan compared to the rest of the world.

Pensions freedoms encourage saving

14% of people are saving more into their pension pot as a direct result of the pension freedoms.

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