The UK's 12-year retirement savings shortfall is the biggest out of 15 countries.
The average retirement savings gap for the UK is eight years, two thirds more than other countries.
The UK's 12-year retirement savings shortfall was the biggest chasm in the study, which covered 15 countries. The average retirement savings gap found across the research was two-thirds of that in the UK, at eight years.
People are living longer, through tougher economic times, but their expectations about their standard of living in retirement remain unchanged.
They are putting off the inevitable, which is the reality of significant cuts to their living standards in their twilight years, after their savings run out.
More top news
The Clipper Round The World Yacht Race is due to begin in London today from St Katherine's Dock.
Once a year W11 comes alive with the colour of carnival. Everything you need to know about getting around and what to see in Notting Hill.
People should only be allowed to move freely within the EU if they have a job waiting for them, the Home Secretary has said.