The payout for personal pension plans has "plummeted" in the last ten years, according to new research.
A UK adult could be around 50 per cent worse off reaching retirement in 2006 than their counterpart in 1996, with the same level of savings, the Moneyfacts study shows.
This is a trend in pension provision which the consumer group describes as "worrying".
A UK male retiring in 1996, having paid an annual pension premium of £500 for 15 years, would have a with-profits fund of £25,840, the company states.
This compares to £12,306 in 2006, with the same amount of savings made into a pension plan.
Richard Eagling, editor of investment, life and pensions at Moneyfacts, said: "Many pension savers may have enjoyed better returns over the last three years but it is vital that they do not become complacent.
"These latest figures should serve as a powerful reminder that securing a comfortable retirement will only be possible for those individuals who actively monitor and manage their own pension provision."
However, recent figures from Birmingham Midshires show the trend might be overcome, as the number of over 50s adults making contributions to savings accounts rose by 33 per cent in the last three months.
Personal pension plans plummet, study shows
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Personal pension plans plummet, study shows
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