Workers 30-50 'not confident' about retirement
British workers in the middle of their working lives are the group least confident about their ability to provide for a comfortable retirement when they leave employment, according to a new study.
The Retirement Confidence Index, published by financial services company Alliance Trust, asks those surveyed to rate their feelings about their retirement prospects - from zero for totally unconfident, to ten for totally confident.
According to the survey 12 per cent of those aged 30 to 50 felt totally unconfident about their prospects, over twice as many as the five per cent of under-30s who felt the same way.
Hyman Wolanski, head of pensions at the company, felt the prospect of investing funds regularly into a locked pension may discourage workers from saving for retirement.
"There is now much more flexibility than ever in how people can save in pension schemes for the future," he said.
"It is therefore important that people are made aware of this possibility so that, where possible, they can save more for their retirement," he added.
In July this year Prudential reported that only ten per cent of businesses felt confident about their own final salary pension schemes.
For information on a range of methods to save for retirement, please click on our free brochures page.
Related Stories
This news is available in 