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The average pension saver has lost £2,750 a year from their future income in retirement over the last year, research finds. The Alexander Forbes National Pension Index – which tracks projected retirement income benchmarked at the year 2000 – fell from 67.4 to 58.9 in the 12 months to March. This drop equates to a loss of £2,750 a year compared with last year and £13,000 compared with the turn of the millennium. The average 30 year old in 2000 could have expected contributions of about 12% of salary to be enough to provide two-thirds of income in retirement at… continue reading