Expected retirement incomes slump

AOL Money Staff


People retiring this year expect to receive some £3,000 a year less than those who retired in 2008, a study from Prudential has found.

The typical retirement income anticipated for 2012 has hit a five-year low of £15,500 against the tough economic backdrop, while one in five of those retiring this year expects to have to get by on less than £10,000.