People in the Southeast and women in particular will find retirement a struggle, according to the results of research published by JP Morgan INVEST.
The financial education provider’s “Pensions Map” of the UK suggests there is a two-thirds chance of poor pensions prospects in the Southeast of the UK, while three-quarters of all women in all regions face tough times. The line between comfort and hardship has been defined by the map makers as being a pension of 40% or less of final salary weighed against the basic cost of living (as determined by the Expenditure and Food Survey published by the Office for National Statistics and the Department for the Environment, Food and Rural Affairs) Betweeen 59% of all workers in the Northeast an...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes