Scottish Widows 2008 Pensions Index Reveals Fear is Driving Nation to Save

The Scottish Widows Pensions Report, now in its fourth year has revealed that almost half the nation (49%) is still not saving adequately, and while figures are slightly up on previous years, this is mainly due to an increase in non-pension savings, with consumers saving more for the short term. The fear factor is definitely starting to kick in with 37% of people worried about having nothing in retirement (up from 34% in 2007) July 27, 2008 -- The Scottish Widows UK Pensions Report, first launched in 2005, uses two key measures to monitor pensions savings behaviour in the UK: the Scottish Widows Pensions Index and the Scottish Widows Average Savings Ratio. While these have risen in the last year, savings levels are still falling short. The Index and Ratio are based on those who could and should be preparing financially for... [read full story]