'Heartening' pension figures see 53% adequately saving - Scottish Widows

The number of savers putting enough money into their pension to secure an adequate retirement is at its highest level since 2009 at 53%, according to Scottish Widows research.

Its tenth Retirement Report also revealed the biggest ever year-on-year rise in adequate savers, up from 45% in 2013. It said the improvement was down to effects of auto-enrolment and improvements in the wider economy being felt. Saving adequately, according to the provider's research, is those saving at least 12% of their income or expecting their main retirement income to come from a defined benefits pension. Saving outside a pension has also increased, with the monthly amount up by 141% from £54 in 2006 to £130 in 2014. The total amount people have in savings and investments is als...