Wednesday, 19 May 2010

Pensions: '£1.2 trillion gap between expectations and reality'

Telegraph- People saving for their pension have wildly unrealistic expectations about the income they will receive, according to a survey.

The company estimated the total shortfall in pension savings at £1.2 trillion or £1,200 billion – about 80pc of the value of Britain's annual economic output or about £50,000 per person of working age. The gap between savers' expectations and reality has increased by 50pc since the same survey was carried out in 2004. more


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