Many retiring 'below poverty line'

Press Association

One in seven people planning to retire this year has no private pension to fall back on and many will be forced to get by in poverty, an insurer has warned.

Women who are set to retire in 2013 were nearly three times more likely than men to be relying on the state as their sole form of pension income, Prudential found. Some 14% of this year's retirees said they had no company or personal pension and their only form of pension income would come from the state.