Millennials 'focused' on retirement saving but want more help

69% saving into pensions

Hannah Godfrey
clock • 2 min read

Millennials are just as responsible as other generations when it comes to saving into pensions, and would like more information on doing so, a study by Prudential has found.

The study found nearly seven out of 10 (69%) of under-35s are saving into pensions either through work or in personal scheme, and more than half (53%) of those said they wish their employer would explain pensions and benefits. Some 24% added they find pension rules very confusing. According to Prudential, two thirds (66%) of millennials have signed up for workplace schemes, however many recognise they are not saving enough, with 23% saying their current workplace or personal pension contribution is not high enough. Meanwhile just under a quarter (24%) of the 1,178 adults surveyed admi...

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