UK workers have a one in 10 chance their pension will only be one-third of their final salary, a study suggested.

However, someone who regularly contributes 10% of their earnings over their working life is likely to end up with a pension closely matching their final wage, researchers from the University of Bath and University of Bristol found.

The study was based on financial risks faced by people in defined contribution schemes and whose money is invested in stock market securities.

The study found the typical final pension someone can expect to receive would be around 80% of their final salary as an employee.

The findings come ahead of a landmark Government scheme to automatically enrol up to 10 million people into workplace pensions.