Confusion killing pensions savings - survey

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The confusion related to pensions is stopping individuals from saving for their future, new research reveals.

A survey conducted by IFA Norwich and Peterborough, finds pension-related matters confuse 59% of 500 people questioned, while only 35% of people consider pensions savings a priority. Of those individuals, nearly three in ten believe they are too young to worry about their pensions, while a quarter have other priorities, with a further 23% adding they simply cannot afford it. Additionally, 68% of people surveyed say they have given thought to their post retirement financial status buy only 31% have put into place any specific pension plans. Moreover, 64% have some plans in place while...

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