Qualified advisers answering your
Financial Questions
call 0800 092 1245

Brits are ignoring pensions

Millions of Britons are throwing caution to the wind in failing to prepare for their retirement, a pensions expert has warned. According to Mark Brooks, spokesman for the National Association of Pension Funds, as many as seven million people are not saving "enough, if anything, for their retirement". However, in so doing, they are risking having to endure a disappointing and difficult retirement, he warned. The problem is exacerbated by "higher life expectancy" and "the growing expectations of the standard of living people will have when they retire", Mr Brooks explained. "The average person will be in retirement for 18 years or even longer so retirement savings need to last a long time."Those who are not putting adequate money aside for their retirement pension will be disappointed when they become a pensioner. But the earlier a person starts saving, the easier it will be". The government's actuary's department predicts that life expectancy for men and women will stand at 86 and 89 respectively by 2050.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details