Pension warning: Britons
People are generally considered to build up as much in pension saving as possible, as early as possible.
This is because saving early can allow the money to have time to build up in interest, and help with later life goals later down the line.
Lord Hutton, the former Secretary of State for Work and Pensions, commented on the research.
He said: “This report from the ILC has highlighted the fact that many people still find it very hard to save sufficient money to cover their retirement needs.
