Budget changes 'make pensions more attractive to young and lower paid'

National Association of Pension Funds (NAPF) figures show 28% of people are now more inclined to start saving or save more into a pension. The pension fund organisation said more than half of young people are now more likely to use a pension as a result of the Budget changes, which give savers the chance to cash in their pension pot on retirement rather than buy an annuity. The NAPF's Spring Workplace Pensions Survey 2014 also found 42% of lower income workers were now more attracted to pension saving. Some 61% of people said they felt capable of deciding what to do with their pens...