Pension Incomes Drop 70 Per Cent

Summary


PENSION incomes have fallen by more than 70 per cent during the past decade, leaving savers facing an uphill struggle to fund a comfortable retirement, research out yesterday showed.

A man who saved GBP 100 a month into a private pension for 20 years can expect an annual retirement income of just GBP 2,542 now, against GBP 8,998 he would have received in 2000, according to Investment Life & Pensions Moneyfacts.

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Pension Incomes Drop 70 Per Cent

The group estimates peo...

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