Nearly two in five people (39 per cent) are at risk of being unable to cover even their basic needs in retirement as pension savings fail to keep pace with the rising cost of living, according to a concerning new report.
The research, conducted by Scottish Widows, suggests the situation has worsened compared with 2023, when just over a third (35 per cent) of people were thought to be on course to fall short of having a minimum lifestyle in retirement.
