More Brits retire with no pension

ONE in seven people retiring this year will have no private or company pension to rely on, a survey has found.

Some 14% of those planning to retire in 2017 have made no provision for their retirement, according to Prudential.

More than one in 10 (11%) of those retiring this year expect to be totally or somewhat reliant on the state pension when they stop work.

The research suggests that women retiring this year are more likely to have made some private pension provision than women retiring in 2016.

Meanwhile, 9% of men retiring this year will not have a private pension – a slightly higher figure than the 7% of men who said this when similar research was carried out last year among people about to retire.