Workers fail to save for retirement

One in four workers in the UK are not saving for retirement, despite the vast majority of the workin...

One in four workers in the UK are not saving for retirement, despite the vast majority of the working population knowing the state pension alone will not provide enough income for retirement. According to research from stakeholder pension scheme provider B&CE Benefit Schemes, almost a third of those who do not save blame the affordability of funding retirement income. Respondents cited the pressure of competing financial commitments and feeling they do not earn enough to save. Apathy also appeared to be a factor as one in five said they have not got round to it, though three-quarters of t...