Making sure that you have the standard of living you want in retirement starts with an awareness of what you must save today. Whilst the government have introduced auto-enrolment and raising the pensions age, challenges still exist for people to save. The World Economic Forum (WEF) has shown that the UK pension’s gap will increase from £6 trillion to £25 trillion by 2050, due to an increase in life expectancy and the cost of providing a retirement for that length of time. Considering your pension savings could help you to maintain a certain standard of living and seeking professional financial advice could help you to assess your financial future.
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