Apparently the ‘average worker’ saves a tad under £300 per month for their retirement; in most cases because they’re auto-enrolled in an employer’s pension scheme. Interestingly, that was about the average thirty years ago when I was a boy adviser. The big difference is, that £300 was in addition to their (free) final salary pension (kids, most definitely, ask your parents). So either, yes, be very afraid. Or accept that retirement, like national service and corporal punishment, will become a thing of the past which your granddad will say ‘never did me any harm’…
“Aegon: Living to 100 is no longer a fantasy, but are we prepared?”
Not sure how many of us actually fantasise about living into our hundreds nor the extent to which we can prepare for it.