UK still leads Europe in retirement planning

With the demise of final salary pension schemes and a growing recognition the state scheme is not going to be enough to live on, a new global study from Axa shows British workers now start saving at 28, earlier than any other European country. According to the research, UK workers save on average around £249 a month, ahead of Belgium, Germany, Italy and Spain. But, Axa says this still only provides a retirement income of around £194 a week, compared to the £256 a week enjoyed by current pensioners. The survey, of over 8,500 people worldwide, also revealed people in the UK are very proact...