State pension amount ‘inadequate’

Three quarters of Britons believe the state pension does not provide an adequate retirement income, a survey by insurer Friends Provident has found.

But despite 75% of respondents saying the state pension did not provide an adequate income, 57% said they planned to rely upon it solely or partly.

The study of 3,056 people also found the average person thinks they would need £832 a month to retire on.

This is nearly double the £439 a single pensioner gets from the state pension.