Pensions threatened
30/06/2008
Half of Britons are not doing enough to save towards their retirement, with more than a third of people worried about how they will cope when they give up work, research has showed.
Just 51% of people are setting aside enough money to provide an adequate income during retirement, according to life insurer Scottish Widows.
But one in five people admitted they are not currently saving anything towards their retirement, while 14% are seriously under-saving and 17% are not saving adequately.
Those who are paying enough into a pension are most likely to be male, working in the public sector, earning between £30,000 and £50,000 and aged over 50.
By contrast, women are far more likely to be failing to make any pension provision than men, as are people with children under five, the self-employed and those with debt.
