Pension delay could cost early 30s thousands

Its Workplace Savings Index has calculated a 32-year-old who puts £162 a month into a pension until age 65 will have a projected retirement income of about £287,000. This is less than half the pension pot (some £605,000) that would be built up by somebody making the same contributions from age 22. The index said the funding gap could also cost early 30s £58,000 in additional contributions made to increase their pension before retirement. But the statistics have also revealed many people under 30 have failed to match their contributions with inflation since the first quarter of 2009...