The not so golden years? Pensions saving in the UK at an all time low…

Empty pension savings jar

UK pensions saving is at an all time low

Are you planning ahead and setting yourself up with a reasonable standard of living in your ‘golden years’? If so, it would appear you are in a minority!

According to a new report by pensions and investments company Scottish Widows, less people than ever before are currently saving for their retirement.

20 per cent of the people surveyed were not saving anything at all, and a whopping 45 per cent were not saving enough. The weak economy, later first-time home buyers, and an aging population were all highlighted as explanations for the dip.

Source: BBC News