One in four workers say pensions are not affordable

Independent research, conducted on behalf of the stakeholder pensions provider, reveals one in four workers say they can’t afford to pay into a pension plan, while 20% stated they just hadn’t got round to it yet. Although 37% of individuals in full-time work don’t contribute to a pension plan, the equivalent of 6.5 million people, the research claims a quarter of people in full-time employment, or 4.5 million people, do not make any provision at all for their retirement. This figure rises to 43% among workers who are in low-paid jobs, which highlights the plight likely to face the less w...