More than half of young Brits are not saving enough for their retirement while almost as many do not participate in pension schemes offered by their employers, a survey suggests.
Research compiled by consulting firm Aon has found 53.3% of UK employees between the ages of 18 and 29 are not saving a sufficient amount for their retirement, while 46.7% out of 1,500 individuals questioned do not contribute to their company’s pension scheme. This comes despite the fact that two out of three of people within this age bracket feel future income from occupational and state pensions will ensure them a decent retirement, and none of them will consider accepting lower retirement income. That said, one in five of this group feel they are too young to worry about a pensio...
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