Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
How much money do you need for a comfortable retirement? The latest estimates are out from industry body Pensions UK. According to its annual Retirement Living Standards report, it would cost an individual £45,400 a year to be “comfortable,” or £62,700 for a two-person household.