Pension income drops significantly

Posted on Feb 10, 2010

The average personal pension pot has dropped by over 60% over the last decade, according to a survey by Investment Life & Pensions Moneyfacts.

The survey revealed that someone who paid £100 per month into a balanced managed fund for the preceding 20 years would have built up a pension fund of £40,749 if they retired now, compared with £103,914 if they had retired a decade ago.