IFS

A third of people approaching retirement cannot even guess what their income will be, increasing to 40% when focusing on DC members, the Institute of Fiscal Studies says.

A fifth of people approaching retirement will suffer large income falls and should expect to have to rely on savings and inheritances when they stop working, a report has found.

Jonathan Stapleton has a spring in his step

Public sector pension reforms will have "little or no long-term saving for taxpayers" because improved accrual rates cancel out retirement age hikes, an independent study says.