More than half are saving too little for retirement

It means only 45% - less than half - are making adequate provision for retirement, a survey by Scottish Widows found, according to the Daily Mail. That is the lowest proportion in at least nine years and down from 54% in 2009. As the downward slide continues, the gender gap is increasing, with only 40% of women putting aside enough money for their old age, down from 42% last year and compared with 49% of men. Workers are seen as preparing adequately if they save at least 12% of their income or expect their main retirement pot to come from a ‘gold plated' defined benefit pension, ty...