Millions of Britons will be forced into part-time work to fund their retirement, research suggests.
More than 5% of 1,200 respondents to insurer Aviva's survey - which it argues represents more than three million UK individuals - said they had no current retirement plans in place at all.
Elsewhere in the poll of people approaching retirement, nearly a quarter said they have cut their outgoings in the past 12 months to enable them to save enough for their retirement.
More than one in 10 said they have begun looking for additional sources of income to supplement their pension.
A quarter cited financial worries and 'making ends meet' as their main concerns for the future, while the rising cost of living and depleting pension value as a result of the credit crunch were also listed as worries.
Brian Bussell, director of pensions, Aviva UK Life, says: "We would encourage people to make use of their full range of assets, including investments, state benefits, pensions and property.
"We would also urge people to begin saving as early as possible for their retirement to make sure they do not have to make major lifestyle changes later in life."
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