Britons unaware of their probable retirement income

According to Prudential, three-quarters of Britons say they are unaware of what their income in retirement will be. This has risen to 81% between the ages of 40 and 54.

The survey taken was of 2,000 couples aged 40+, it questioned the couples attitudes towards their retirement. 17% of those who took part said they didn’t know what their main source of income would be when they retired. 11% said they would be looking to other sources of income rather than their pension.

7% of people said they would be entirely dependant on their partner in retirement, rising to 10% of women.

In the survey, concerning financial planning, less than half of the couples had made arrangements for joint retirement to ensure their partners are protected if they die.

26% of people surveyed have never discussed what will happen to their pensions, whilst 13% of people said that the only financial planning they had made for the future was a will.