Workers at Risk of Inadequate Pension Income

📰 Analysis

A recent report suggests that three-quarters of workers are not on track to achieve a moderate lifestyle in retirement. The report states that a moderate lifestyle in retirement costs £32,700 for one person and £45,400 for two. This is a concerning finding, as many workers may not be saving enough for their retirement. The report highlights the need for individuals to take control of their pension savings and for employers to provide better support. This is a pressing issue, as many people rely on their pension to maintain a decent standard of living in retirement.