Let's restate my usual caveat that research showing people need to save more money, coming from a company that provides saving services, has to be viewed with caution. Barings reckons that £29bn has been wiped from pension pots this year of those approaching retirement. This broke down by age:
25% of older people are aged between 55 and 64, and a 7% are aged 65-plus.Forget the absolute numbers. What the research shows is that the UK's fragmention, into a country of the wealthy and poor old people, will accelerate. Just make sure your company is targeting the winners. Dick Stroud
11% of those in the East Midlands are more like to rely on homes to fund retirement while Londoners are the least likely (5%).
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