Jan 31 2007
Over a third of Britons are unsure that they will have enough savings to live comfortably in their retirement, it has been reported
Recently published research from consumer interest group Which? found that more than a third of employees are not currently saving for their retirement, while there exists a £12,000 gap between the basic state pension and the average desired amount for a comfortable retirement.
Martyn Hocking, editor of Which? Money, said: "There's a huge difference between the amount of income people want to have in retirement and the amount they'll get from the government."
He added that people should start saving for retirement as soon as possible, noting that by delaying retirement planning, a greater amount will have to be saved to fund a comfortable retirement.
Last year's Queen's Speech outlined plans to increase the state retirement age and to link the basic state pension with earnings.
