Retirement

Millions of workers approaching retirement age have little or no idea how their pension is performing or how much money they will have to live on in older age, new figures reveal.

Retirement Planner's round-up of the top pension stories this week.

The majority of savers under the age of 45 are unaware of the amount of income they can expect from their pensions when they retire, according to Standard Life.

It is "unrealistic, uneconomic and unnecessary" to expect those approaching retirement to take regulated financial advice, according to Hargreaves Lansdown.

One in five Britons predicts they will never be able to retire fully, a survey has revealed.

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Annuity rates would have to improve by at least 6% from today's rates to make any delay in purchasing a retirement income worthwhile, says a new report.

A third of Brits believe 'Generation Y' - young adults aged between 18 and 31 - will struggle the most to save for retirement.

FIVE THINGS

Over a quarter (27%) of international employees are concerned about the possibility of having to work longer than they wanted to due to financial constraints later in life, a report from HSBC reveals.