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'Worrying': Two in three retiring Scots do not have enough pension savings to live off


TWO in three Scots who are close to retirement do not have the pension savings to sustain their planned income, a new study has warned.
The inaugural Class of 2021 report surveying those planning to retire this year, reveals how ready people are to retire, identifying what worries and excites them most, and how recent events have impacted their plans for retirement.
And the study by Standard Life Aberdeen has found that 66% of 2021 retirees in Scotland risk not having enough for what they need when they stop working.
The research which examined people s pension pots against their spending aspirations found that a 2021 retiree in Scotland planned to live off £21,331 a year in retirement – almost £10,000 less than the average UK household income (£29,900). ....

United Kingdom , Greater London , United Kingdom General , City Of , Brian Sloan , Michelle Gribbin , John Tait , Helen Morrissey , Standard Life Aberdeen , Age Scotland , State Pension , Planning For Your Future , Profile Pensions , Chief Investment Officer , Royal London , ஒன்றுபட்டது கிஂக்டம் , அதிகமானது லண்டன் , ஒன்றுபட்டது கிஂக்டம் ஜநரல் , நகரம் ஆஃப் , பிரையன் ஸ்லோன் , மைக்கேல் கிரிபின் , ஜான் தைத் , ஹெலன் மோரிஸ்ஸி , தரநிலை வாழ்க்கை குட்டைநாய் வகை , வாழ்நாள் ஸ்காட்லாந்து , நிலை ஓய்வூதியம் ,

Pension pots of men in northern Scotland are almost 50% bigger than women's


Pension pots of men in northern Scotland are almost 50% bigger than women s in the same region 
The average value of men’s pensions in this area is £41,603 compared to that of £20,978 for women.
09:55, 23 APR 2021
Men are retiring with bigger pension pots than women (Image: Getty Images)
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United Kingdom , Greater London , United Kingdom General , Michelle Gribbin , Record Money , Profile Pensions , Chief Investment Officer , ஒன்றுபட்டது கிஂக்டம் , அதிகமானது லண்டன் , ஒன்றுபட்டது கிஂக்டம் ஜநரல் , மைக்கேல் கிரிபின் , பதிவு பணம் , ப்ரொஃபைல் ஓய்வூதியங்கள் , தலைமை முதலீடு அதிகாரி ,

Gender pension gap as high as 50% in parts of UK


Gender pension gap as high as 50% in parts of UK
By
Tom Higgins
21
st April 2021
11:44 am
The difference in pension contributions between men and women can be as high as 50%, new research reveals.
This is more than twice the gap between their average earnings according to a study, conducted by Profile Pensions.
It revealed women nationwide are at risk of receiving retirement incomes thousands of pounds lower a year than men, while regional differences across the UK are prevalent.
Northern Scotland is where the pension gender gap is widest, where men’s pension pots are almost 50% bigger than those belonging to women. ....

United Kingdom , West Midlands , United Kingdom General , Greater London , City Of , Michelle Gribbin , ஒன்றுபட்டது கிஂக்டம் , மேற்கு மிட்லாண்ட்ஸ் , ஒன்றுபட்டது கிஂக்டம் ஜநரல் , அதிகமானது லண்டன் , நகரம் ஆஃப் , மைக்கேல் கிரிபின் ,