Tuesday 26 September 2017

More than 50pc of adults don't have a pension - survey

Half of those surveyed by Research Plus for Standard Life found that just 41pc of people own a private, company or work scheme pension
Half of those surveyed by Research Plus for Standard Life found that just 41pc of people own a private, company or work scheme pension
Charlie Weston

Charlie Weston

SIX out of 10 adults do not have a pension, a new survey has revealed.

Half of those surveyed by Research Plus for Standard Life found that just 41pc of people own a private, company or work scheme pension.

Almost half of adults surveyed said they couldn’t afford to save into a pension. 

Jim Connolly, head of pensions, Standard Life, said: “Pension saving is a good thing and makes people feel much more confident about their finances.

“It reduces people’s stress levels if they are making provision for a decent retirement. For those fortunate enough to have a few quid extra each month, the question is can they afford not to save into a pension if they want to enjoy their retirement?”

Men are far more likely to have a pension than women, almost half of men own a pension compared with less than a third of women. 

Online Editors

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