High-net-worth individuals in the UK significantly underestimate how much money they need for the retirement they want, with the average respondent misjudging by almost half, according to the inaugural Saltus Wealth Index.
The Saltus Wealth Index surveyed more than 1,000 people in the UK with investable assets over £250,000, with the group’s median net worth £1.5 million.
When asked about pension savings, and how much they think they need for a comfortable retirement...