Financial pressures leave Britons facing 'mid-life savings crisis' - Zurich

‘Procrastination’ mindset also a problem - Old Mutual

Victoria McKeever
clock • 3 min read

Britons are facing a 'mid-life savings crisis, Zurich has warned, after research by the group indicated a third of Britons aged 35 to 39 - equivalent to about 1.31 million people - have no pensions savings at all.

The survey of more than 1,000 adults, which was carried out by YouGov on behalf of Zurich earlier this year, suggested financial pressures could be forcing some people to start saving later. The situation was bleaker still among  the so-called Millennial generation as almost two-fifths (37%) of those aged 25 to 34 - equivalent to some 3.2 million adults - are not saving into a pension, the survey found. Zurich head of retail platform strategy Alistair Wilson (pictured) said: "Rising rents and house prices, combined with years of low wage growth, have made it harder than ever for peopl...

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