Fall in pensioner incomes shows rising prosperity of elderly cannot be taken for granted

Helen Morrissey, pensions specialist at Royal London, said:

“After years of rising incomes, this year’s figures show that pension incomes have fallen. The typical pensioner couple is eleven pounds per week worse off than last year. As traditional final salary pensions continue to decline there is a risk that pensioner incomes will stagnate unless more is done to make sure that those who are in work are saving more towards their retirement. Rising prosperity among the elderly cannot be taken for granted”.