People will have to save more for pensions to have income they were on course for before Britain voted out, say City experts
The Brexit vote is having “terrifying” effects on the pension schemes of millions of British workers, with 75% of people now expected to have a retirement income below the government’s recommended level, City experts warn.
Leading pensions consultants Hymans Robertson say the combination of interest rates and weaker projections for growth post-Brexit mean people will have to save far more towards their pensions to receive the level of income they were on course for before Britain voted to leave the EU.
Related: Why are UK pensions so complicated?
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