Majority of savers aware of 'generation gap' in pensions

Scottish Widows finds one third are at risk of falling below minimum retirement threshold

Jasmine Urquhart
clock • 4 min read
Scottish Widows' report found 35% of adults are at risk of falling below the PLSA 'minimum' retirement living standard

Scottish Widows' report found 35% of adults are at risk of falling below the PLSA 'minimum' retirement living standard

Three quarters (78%) of adults are aware of a “generation gap” within pensions and say the generation before them enjoyed better retirement prospects, a report from Scottish Widows finds.

The report, which looked at data from 1,045 adults who have not yet retired, also found two in five (38%) of people did not start contributing to their pension pot until age 35 or later, while just...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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