New report points to a bleak retirement for many

Retirement savingsThe latest Aviva Real Retirement Report has painted a stark picture of the financial hardship many people will face in retirement. The report splits the over 55’s into three groups:   Pre retirees, aged 55 to 64 Retiring, aged 65 to 74 Long term retired, aged 75 and older The plight of older generations has been well documented over the past few years. Rising inflation, all time low interest rates on savings accounts, stock market volatility, and plummeting gilt and Annuity rates have combined to ...