The income for the average retiree is almost 24% less than the minimum wage as pensioners experience an income drop of 66%, according to research.
A report from LV= found men can expect an annual retirement income of £10,967, including the state pension. The figure is £6,580 for women. The gender gap means women typically suffer a 68% sque...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
