ALMOST three-quarters (74 per cent) of British people will not be retiring with enough funds to maintain their current lifestyle, a new survey found today.

The survey, carried out by financial advisers the deVere Group, suggested there is a “retirement crisis looming,” the firm’s chief executive said.

When asked “what percentage of your current income could you live on in retirement,” most respondents “grossly underestimated” how much they would need, the firm said.