Nearly one in five of those retiring this year will do so with outstanding debts to pay off, figures released by Prudential have revealed.
A Government campaign launched this week has highlighted the importance of planning and saving for retirement.
Expected retirement incomes have tumbled to a five year low, according to research from Prudential.
The jargon associated with pensions is damaging people's chances of saving for retirement, research from the National Employment Savings Trust (NEST), has revealed.
Interest rates on savings accounts have crept up in the last 12 months, despite stagnant conditions.
