Prudential says save early for retirement

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Prudential says save early for retirement

It is best for people to start saving for retirement as early as possible, Prudential has claimed.

Ali Crossley, Prudential retirement insurance director, said that putting money into savings accounts, property and assets is an essential part of planning for retirement.

"The sooner people start to plan for their retirement the better; the more they put aside for their retirement the better and the better chance they have of having a decent income in their retirement," she remarked.

She said that in addition to personal savings plans, Britons should consider joining any company pension scheme that is on offer.

"Even if it’s a defined contribution scheme, they tend to be very good schemes and they’re better than nothing," added Ms Crossley.

According to the Prudential Class of 2008 Retirement Report, the average age for UK men to stop working is 60, while for women it is 58.
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