Report on ?readiness? for retirement

26 November 2014

The second UK Readiness Report from Aegon shows that just 6% of people are on track for the retirement they want despite pension reforms.

The Aegon report shows that

· 32% are more positive about pensions following the Budget, while just 4% believe changes are for the worse

· Half of the population (53%) admit to never having checked the performance of their retirement savings

· Just 11% of people manage their pension online.

According to Aegon's second UK Readiness Report, just 6% of people are on track to achieve the retirement they want, despite the focus on pensions following major reforms announced at this year's Budget. The number of people on track has fallen from 7% in April when Aegon published its first report, and one of the main factors driving the fall is a rise in expectations with people wanting an average of £41,000 a year in retirement compared against £35,000 in April