Prudential: State pension is not enough
www.moneynews.co.uk > Pensions > Prudential: State pension is not enough
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Money News |
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Prudential: State pension is not enough
Fri 23rd Nov 2007
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Prudential's Ali Crossley said that there would come a day when people regret not taking responsibility for their pensions.
About a quarter of people planning to retire next year will be wholly reliant upon a state pension, according to research by Prudential.
Moreover, Ms Crossley said that many final salary schemes were now closed to new members.
"People really need to wake up and look at what that state pension might be, if anything, by the time they retire," she said.
"They'll rue the day if they don't pay attention."
She went on to add that a quarter of people had admitted to not having any pension provision at all.
Aon Consulting's third annual European Pensions Barometer Report concluded that the "adequacy" of Britian's state pensions is the worst in Europe.
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Related News : Prudential |
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