Half of retirees to leave nothing

HALF of UK retirees will not be able to afford to leave relatives an inheritance, new research out today shows.

More than a quarter of this year’s retirees believe it will be impossible to leave anything as inheritance, according to a survey by the Prudential, while 22 per cent of respondents were not sure their savings would fund their retirement.

Concerns over how to fund retirement comfortably persist, with only 39 per cent of people surveyed confident that they have saved enough. Average expected retirement income was £16,600 per year, the survey found.