Survey: Lowest levels for retirement savings

The number of people saving for their retirement has fallen to its lowest levels in the last nine years, a report has warned.

Scottish Widows said less than half (45%) of those surveyed were making adequate provision, marking a new low since research started in 2005.

The organisation said there was a widening retirement savings gender gap, with 40% of women putting enough by compared with 49% of men.

The gap has come from a drop in the portion of women who were preparing adequately, from 42% last year, it said.