03 Oct 2018

White paper: Retirement Readiness: How each of the UK regions are preparing for retirement

Hargreaves Lansdown has analysed data from the Office for National Statistics alongside existing data from the Department for Work and Pensions to understand the retirement readiness of the UK regions.

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Key findings

The largest pension savings are found in Scotland, where pension wealth average is £140,400. At the other end of the scale, the smallest average savings are in the East Midlands (£87,400).
By comparing the average pensioner income by region with the average expenditure for retired couples, Hargreaves found that those in the North East had the most income left each week after meeting their household spending (just over £100). Those living in London were worst off, with around £5 leftover each week.
Those in London, the South West and the South East are most likely to anticipate working for longer. Whereas employees in Scotland, Wales and the North West are most likely to want to retire before the age of 65.

Hargreaves Lansdown is a secure, FTSE 100 company helping UK savers and investors for 35 years. Over one million people already trust us to help them save and invest with confidence.