Apathy is the biggest deterrent for UK workers aged under 34 when deciding about a pension, claims B&CE Benefit Schemes.
The firm, which is a not-for-profit provider of financial services to the construction industry, warns almost three-quarters of people under the age of 34 area are failing to save in a pension because they “haven’t got round to it”. In the research, carried out by TNS on behalf of B&CE, 30% of those surveyed claim they don’t save for the future because of affordability issues, which include having too many financial commitments, or not earning enough. But B&CE says apathy also appears to be a strong deterrent, as 21% say they haven’t got round to it yet, although this increases among th...
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