Research reveals dramatic drop in UK workplace pension savings

Research reveals dramatic drop in UK workplace pension savings

UK workplace pension savings statistics for those about to retire has fallen at an alarming rate according to research published today. The median amount of occupational pension savings has plummeted more than one third in total, from £106,000 to just £71,000 over past two years for those aged 55-64, according to analysis from Equiniti The research, highlighted on the table below, points to a reliance on UK State Benefits appears as a probability for millions. As a result, Equiniti - on...

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