Retirement fears for the South West

People in the south-west of England face the greatest drop in living standards in retirement, accord...

People in the south-west of England face the greatest drop in living standards in retirement, according to research by JPMorgan Fleming (JPMF). Their study shows that overall only 26% of working adults will retire with an income of 50% or more of final salary, falling from 43.2% in 1996. Half of British workers, or 15.4 million people, can still expect to be in difficulty, with an expected income of 40% or less of their their final salary, according to JPMF. The survey showed that those living in Northern Ireland can anticipate the most comfortable retirement, with 36% expected to recei...