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Retirement: Which part of the UK saves most into their pension?

17/04/15
News

Which part of the UK saves most into their pension?A new survey has revealed which parts of the UK save the most into their pension.

Based on the results of a YouGov survey of 18,000 people, Friends Life has created the UK Retirement Savings Map, which reveals the parts of the UK saving the most for retirement, as well as others which are falling behind.

Taking the UK as a whole the survey revealed:

  • The average expected retirement income per week is £409.10
  • The average actual retirement income per week is £312.40
  • This results in a UK wide average shortfall of £96.69 per week

When the individual regions are considered the results are surprising with people in London predicted to have the largest shortfall in retirement; whilst people in Bristol and Sheffield fare the best as the following map shows:

Which part of the UK saves most into their pension?

by Phillip Bray

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