One in three UK workers at risk of struggling to cover costs in retirement: Report

Pension experts warn workers will not have enough to cover retirement costs

A new report from Scottish Widows also indicates part-time workers are particularly at risk of not being able to cover their basic needs.

Firms that don’t retire from their pensions onus see better results

UK businesses that actively try to engage employees in their pensions also see stronger financial performance, according to a new report.

Workers face retirement crisis as one in three can’t cover basic needs

Part-time workers are particularly vulnerable

One in three UK workers ‘at risk of not being able to cover costs in retirement’

A lack of engagement with pensions ‘is holding people back from taking their best shot at long-term saving,’ Scottish Widows said. Over a third (34%) of UK workers are at risk of not being able to cover the cost of their basic needs in retirement, research from Scottish Widows indicates. A “national retirement forecast” model was created by Scottish Widows and Frontier Economics to estimate the potential retirement incomes of people aged 22 to 6…

Normalise later life lending to top up pensions shortfall - Equity Release Council

Normalising the use of proeprty wealth to bridge the shortfall in pension income in later life could provide for a more comfortable retirement