As a nation, how do we plan for our retirement? That’s the question Scottish Widows’ 10th annual Retirement Report seeks to answer
Now, more than ever, people need the right plan for their future. In the last two years we’ve seen huge changes in UK pensions, with renewed confidence in the economy and the start of auto enrolment – which means the majority of British workers are automatically enrolled into their workplace pensions.
Key findings include:
- 37% of people said they felt optimistic about long-term finances compared to 32% in 2013.
- The proportion of women saving adequately increased dramatically from 40% to 50% in the past 12 months.
- The amount people are saving towards retirement has increased from £54 per month in 2006 to £130 in 2014.