Pension news: Savers MASSIVELY underestimating cost of retirement – how much do you need?

SAVERS could be set for a cash-strapped retirement as a large chunk of Britons have no idea or are dramatically underestimating the size of pension pot needed for their golden years. The UK’s future pensioners are way out in their estimates for retiring, with one in five adults predicting they only need up to £50,000 for their pension pot – £210,000 less than the minimum recommended amount. »