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Evening Standard
Evening Standard
Vicky Shaw

One in three UK workers ‘at risk of not being able to cover costs in retirement’

Scottish Widows United Kingdom
A workplace pension ‘can be the most powerful tool people have to shape their financial future,’ Scottish Widows said (Nick Ansell/PA) - (PA Archive)

Over a third (34%) of UK workers are at risk of not being able to cover the cost of their basic needs in retirement, research from Scottish Widows indicates.

A “national retirement forecast” model was created by Scottish Widows and Frontier Economics to estimate the potential retirement incomes of people aged 22 to 65, based on their savings and spending behaviour.

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