Will you face a pension shortfall?

One in three of us will retire being completely reliant on a State Pension. More of us will experience a shortfall in our pension too. Knowing what to expect in your retirement can save you from a nasty shock when the time comes, giving you the chance to fill the financial gap you may be left with. 

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In a recent survey conducted by Nationwide, it was found that on average, retirees will be falling short around £400 every month. Take into account those that will be retiring in a few years who want a few luxuries, and the gap becomes even wider.

Saving right now could help you avoid the pension shortfall. Speaking to a financial advisor is a good idea, and they will likely use financial advisor software to advise you of the best options to take.

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