More than three quarters of UK adults (77 percent) have not set savings targets for their retirement, claims Sanlam UK.

The firm’s new report, entitled 'What’s Your Number?', revealed 40 million UK adults are rolling the dice when it comes to their retirement, admitting that they either have not or did not set savings targets for their retirement.

In fact, people are four times more likely to know their lottery numbers off by heart than their target pension pot (11 percent vs three percent).

Over half (55 percent) doubt they’ll be able to save enough money to retire when they want to, with that just 12 p...