FTBs have no time to save for pensions

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First-time buyers are finding it tougher than ever to put money aside for their retirement, new research released by Prudential today claims.

A study by the Pru reveals first-time buyers are getting older, as previously suggested, however, findings indicate FTBs have not yet started saving for their pension and claim they will never be in a position to do so. According to the life and pensions provider, around 2.8m 30 year-olds have yet to buy a house, while over half of those without a pension but who first buy a home during their thirties think they will never be able to save for their retirement. In all, the Pru claims 6m homeowners are not saving for their retirement. Contributing factors to the decline include debts fro...

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