Half of 25-34-year-olds plan to increase the amount they save into a pension this year, according to research from the National Association of Pension Funds.
The survey showed the age group had the highest percentage planning to increase savings, with 53%, with only 40% of 35-44 year olds planning to do so and only 26% of 45-54 year olds. However, the research did not account for current levels of pension savings. The survey also showed those aged below 35 were the least likely to have access to a workplace pension. Only 48% of those ages 25-34 were covered and 44% did not know whether it was a good pension or not. The 25-34 age group also had the highest percentage who wished they had taken more interest in saving for retirement, with ...
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