‘EIGHT out of ten people contributing to a pension think their savings will be worth less than they hoped when they retire, key research has shown.

They are bracing themselves for a pension shortfall averaging 30 per cent, the equivalent of £159 billion across the nation as a whole, according to stockbroker Brewin Dolphin.

Just over half of those currently paying into a pension think the shortfall will be 20 per cent or more, while seven per cent think they will actually receive 70 per cent less than they had originally hoped.’

Read more at 80 per cent gloomy over cash in retirement

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