Three-quarters of workers not on track for 'moderate' pension income, report suggests

Researchers have found that a moderate lifestyle in retirement requires a significant amount of money, with estimated annual costs of £32,700 for one person and £45,400 for a couple. A newly published report reveals that three-quarters of workers are not on track to achieve this level of pension income. As a result, many individuals may need to reassess their retirement plans to ensure they can maintain a moderate standard of living. The report's findings highlight the importance of adequate pension planning to support a comfortable retirement.

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