According to insurance giant, Prudential, 1 in 3 pensioners are surviving in poverty. They have started a new retirement index which puts the average income of 3.3m pensioners at less than £192 per week. The appropriate word being "surviving" not living.
Many have even taken to working part time to supplement their income. Even more keep their heating to a minimum in winter to keep costs down.
This "could be you!" To coin a prize draw line and 'point the finger'. People need to plan and save for their own retirement. Do you really think that the Government are going to look after you?
Please do not put it off, visit Pensions Adviser.com now to find out more about retirement planning. Better still, start saving now by vsiting our policy search engines.
Why not play with our calculators to work out how much you should be saving?