Tomorrow’s retirees are on track to be poorer than today’s, the research shows.

Tomorrow’s retirees are on track to be poorer than today’s, the research shows.
Mid-lifers (30–49-year-olds) remain the most financially strained, with only 41% satisfied with their standard of living.
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Almost half of over 50s are in debt, rising to 51% in London.
Potential cuts are ‘firmly on the agenda’, former pensions minister Steve Webb warns.
Only 12,379 cases with arrears have been identified, resulting in payments of £104m – about a tenth of the original estimate.
These retirees face a 'triple whammy' due to the knock-on impact of tax rates on savings and capital gains.
Six in every hundred state pensioners are being underpaid.
Blended approaches that combine pension drawdown strategies with a later-life annuity should become the norm, the report says.
Half of UK households expect to require housing wealth to fund their desired later life living standards.