L&G report: People's retirement expectations far from realistic

Legal & General's 35 cubed report has shown people aged 18 to 44 think 63 (62.72) is a reasonable age to enter retirement. This is only a slight difference to the expectations of the generation before. People aged 45 to 65-plus said 62 (62.24) was the best age to retire. Adrian Boulding, pensions strategy director at Legal & General, said this idealistic view has been fuelled by the retirement plans of previous generations. "People have got an expectation which is built around what they have seen their parents do. A 35 year old today has probably seen their parents go through...