A new report claims retirees in the UK require a monthly income of £1,700, totalling £20,400 annually, to enjoy their golden years to the fullest, according to research by Legal & General and the Happiness Research Institute.

Furthermore, the study sheds light on the financial strategies that working Brits could employ in order to reach this target figure.

The research revealed a sobering fact; merely a third of currently retired Brits hit this income level, as the nation braces for…