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High net worth individuals (HNWIs) in the UK are significantly underestimating how much money they need for the retirement they want, with the average respondent misjudging by around half.

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High net worth (HNW) savers are underestimating the amount of money they need to save for a comfortable retirement by around £300,000, according to a new report.

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Over 9 in 10 (92%) high-net-worth consumers underestimate how much money they need for a comfortable retirement, according to new research.

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