Report warns on pension levels

Almost half of older employees could have to work and save for more than a decade beyond their state pension age to maintain their standard of living, a report has warned.

The Pensions Policy Institute (PPI) study warned that around half of workers between 50 and the state pension age (SPA) will have to work for at least six years past their pension age, and most of these for at least 11 years, if they want to maintain a reasonable income.