A financial shock is awaiting many women when they pack up work, with annual incomes £8,000 beneath what they believe will give them a comfortable life, a study indicates.
Spouses are keeping secret debts worth an average of £7,800 from their other halves and potentially risking their comfort in retirement, a study shows.
Hargreaves Lansdown, the Sipp, investment and advice provider, has urged Chancellor George to use his autumn statement on Thursday to tackle systemic failures in converting pension pots into retirement income.
Only one in five women save any of their monthly income for retirement, according to research by online stockbroker TD Direct Investing for British Savings Week.
Significant numbers of UK workers says that they expect never to be able to afford to retire fully and these individuals may form the beginning of an unretired generation.
Business leaders need to be "re-engaged" with pensions to increase uptake, according to Geoff Buck from Killik and Co.
Some 14.7m people are unsure when they will be able to retire, according to Barings Asset Management.
Aegon has found that the pension 'timebomb' has almost run out as consumers remain unprepared for retirement.
There will be a second reading of the Pensions Bill in Parliament this afternoon (17 June).
The average annual income needed for a comfortable retirement is £25,783, according to Towry.
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