30 million are ‘in the dark’ over pensions savings
This equates to 30.4 million working age people across the UK who risk not being able to afford the lifestyle they want in later lfe.
The findings were made in the PLSA’s Hitting the Target report which aims to help people achieve better retirement incomes.
It calls for the introduction of retirement income targets showing the lifestyle someone could afford on different levels of income. The PLSA has commissioned researchers to develop these.
Seven in 10 (70 percent) people think retirement income targets would encourage them to save more, increasing to more than threequarters of (78 percent) millennials aged 18 to 34, the PLSA found.
Read More: Express
