More saving for a Comfortable Retirement
Scottish Widow reports “The number of people saving enough for a comfortable retirement has hit its highest ever level, with almost three in five Brits (59%) now saving adequately for the future. This is a significant improvement from the 55% proportion recorded 12 months ago, suggesting April’s auto enrolment step-up had an immediate positive impact on saving habits.
It’s not all good news, however. The 15th annual Scottish Widows Retirement Report shows that the
proportion of people not saving at all for later life remains static at 17%. Meanwhile, more than a fifth of UK adults (22%) – equating to almost eight million people – expect they’ll never be able to afford to retire.”
Read all: https://adviser.scottishwidows.co.uk/assets/literature/docs/2019-07-saving-reaches-high.pdf