Two thirds of Brits still plan to rely on the state pension to fund their retirement, according to research released today.
The research, from professional advice website Unbiased, showed 65% of people planned to rely on the state pension for retirement income. However, reliance on the state fell to 44% for under 35s.
There was also considerable reliance on ISAs for retirement income - with a quarter of the population planning to draw on these and almost half (47%) expecting a private pension to play a part in their retirement provision.
Only 4% of the population expect to rely on the government's NEST pension scheme.
The middle generation (35-54-year-olds) was least likely to rely on general savings (19%) or ISAs (21%), compared with the under 35s (25% savings and 23% ISAs) and the over 55s (33% savings and 29% ISAs).
One in seven women (14%) expect to rely on their partner to provide an income in retirement compared with just 5% of men.
Only 41% of women rely on a private pension to provide for their retirement compared with 54% of men.
Karen Barrett, chief executive at unbiased.co.uk said: "There are many benefits of saving into a pension scheme, and the tax benefits associated with paying into a pension compared with other savings vehicles are useful.
"Providing for your income in retirement is an area where taking advice from an independent financial adviser can be of real help."
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