Couples will now need to find an extra £2,200 a year to keep up a comfortable retirement lifestyle after the pandemic, after the pension industry’s guidelines for spending expectations were revised in the wake of Covid.
It means couples will need another £54,400 and total pension savings of nearly a quarter of a million pounds to enjoy a retirement of £8 bottles of wine, two annual holidays to Europe, and a restaurant budget of £500 a month.
The research also