Just three in 10 adults feel they are either very or fairly confident they are on track to achieve the level income they want to see them through their retirement.
By contrast, half said they were not confident they were going to have generated the income they needed. For the over-55s age group, closer to retirement, the proportion was 47 per cent.
The worrying insight into savers’ concerns that they will not have enough money for their pension years, was revealed in a survey that looked at retirement confidence across the country.
Bleak future? Half of adults fear they are not on track for the retirement income they need
From a regional perspective, those in the East Midlands were most pessimistic, with just 17 per cent saying they felt confident they were on track.
This could be down to the fact that just one in three living in the region said have an existing pension…