Around one in three people could struggle to make ends meet in retirement, according to a report.
The average man is on track to receive £19,000 a year in retirement income per year, compared with £12,000 for the average woman, the report found. Many of those predicted to struggle in retirement expect to be still paying rent, Scottish Widows said.
Scottish Widows commissioned YouGov to survey more than 5,000 people across the UK in March and April 2023. They were asked about their preparations for retirement, and their expectations of life when no longer working.
