Average 50-Year-Old ‘Needs To Double Pension Pot’ By Retirement

MetLife analysis shows the Uncertain Generation - U-Gen - is £68,600 short of achieving minimum retirement incomePaying off mortgage and helping children are bigger priorities than retirement savingThe average British 50-year-old has less than half of the retirement savings they will need to guarantee a minimum standard of income when they stop work, new research from MetLife* shows.Its unique study of the finances of 50-year-olds shows they have an average of £54,300 saved in pension funds – but in order to meet pensioners’ minimum annual income standards** of £14,400 including State Pension

Press Release Distribution, Average 50-Year-Old ‘Needs To Double Pension Pot’ By Retirement