Pension saving 'top priority' for one in four
Nearly a quarter of Britons consider saving for retirement to be a top financial priority, it has been reported.
Research from financial services company Alliance Trust Savings reveals that 22 per cent of people in the UK consider pension saving to be a top priority, but that at many stages of their lives people have other financial commitments that take precedence, including buying a home or making other specific purchases.
Hyman Wolanksi, head of pensions at Alliance Trust, said: "Greater pensions flexibility brought about in April means more people can consider saving for their future in stages."
He added that consumers can "balance the differing benefits" of a number of savings schemes, including pensions and individual savings accounts, to best make use of varying flexibility and tax breaks throughout their employment.
Last month, HSBC reported that graduates will risk halving their retirement fund by delaying making pension contributions until they are 30.
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