Half of advised clients struggling to top up pension savings, research

Short-term savings are priority

Carmen Reichman
clock • 2 min read

Almost half of advised clients would find it hard to save more into their pension than they currently do, research has claimed.

Royal London's Pensions Through The Ages: Feeling The Squeeze asked 150 financial advisers about the challenges facing clients aged 35-44 when considering saving for their retirement. It found 45% of clients would struggle to increase their savings for later life, while more than half would prioritise reducing their debts or easing financial pressure, should they find some spare cash, according to their advisers. Advisers deemed the majority of clients to be at least somewhat engaged with retirement saving but said the problem was many people had more pressing financial needs than sav...

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