North-South pensions divide flagged by Portafina research

Average pot size can vary by almost £200,000 across UK

clock • 1 min read

A gap as large as £184,484 exists across the average size of pension pots in different cities around the UK, a study by Portafina has found.

After canvassing its 15,000-strong client base around the country, the retirment specialist concluded Harpenden in Hertfordshire had the highest average pot size - £199,510 - with Tyldesley in Manchester second (£197,246) and Bexley in Kent third (£194,547). In stark contrast, the smallest average pension pots were found to be in Falmouth in Cornwall (£15,026) and Boreham in Essex (£17,834). The survey also suggests a 'North-South divide' exists even when it comes to pensions. By county, Surrey, Hertfordshire and West Sussex topped the table for average pension pot size although Manch...

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