More than half of the working population would save more into a pension if legislation did not act as a barrier, according to research from MetLife.
British workers say they would save more if tax relief was higher, pension rules were simpler and they could access their savings earlier. A majority of 82% of respondents also called for more education on pension issues. Regardless of current legislation, 46% of respondents say they cannot afford to save for retirement in the economic climate and need a pay rise to do so. "The coalition government has made an excellent start on pensions with moves to reform the age-75 rule and there is now a genuine opportunity for providers such as MetLife to offer products which increase flexibi...
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