Half of over 45s still not saving - Mintel

The situation is almost exactly mirrored in the older 55-64 age group, where an estimated 46% of adults are contributing to this form of long-term retirement savings. Mintel say the figures come “despite numerous Government initiatives and extensive media coverage,” of the issue. The findings suggest there is a remaining risk of many people spending retirement in poverty, and that there is a serious need for those in this situation to start planning their retirement. Those aged 45-54 are in a better position, however, as they are in their peak income earnings years, with dependent...