Over a third of Brits have no pension

A study of 2,000 British workers also found some people are moving their pension contributions into their savings accounts, despite losing out on generous tax relief. Fairinvestment's survey found 39% of Britons do not have a pension plan, with younger people particularly likely to have no retirement savings. Furthermore, 20% of those with a pension have suspended or reduced their payments since the onset of the credit crunch 18 months ago. More than one in ten people have completely stopped contributions to their pension, while a further 9% have cut their contribution level. Sharon...