The government has recently proposed a flat rate state pension of around £140 per week for all, but could you live on it?
New research from Standard Life indicates that for most the answer is ‘no’.
The research found that almost two thirds (63%) of people believe they could not live on £140 per week. For those aged 55 and over this figure rises to 72%, just 17% of people aged 55 and over believe that they could live on £140 per week, 11% did not know.
John Lawson, Head of Pensions Policy at Standard Life said: "The introduction of a state pension ...