(1888PressRelease)
July 07, 2007 - London: A study by retirement group tomorrow hints that young consumers who have not given adequate consideration to their personal finances will have problems with their pension provisions.
With recent numbers pointing out that one in every five people in the UK facing the possibility of having to work part-time in their retirement age, the scenario is indeed grim. In addition, the retirement solution firm also found that about 55 per cent of young Britons have no plans to start their pensions saving in the near future.
Kirsty Macpherson, a spokesperson for Tomorrow maintains that their research reveals that repeated warning from the Government about the pension gap has fallen on deaf ears. Despite future plans to raise the state retirement age, the younger generation is still unaware of the perils of planning too late for their retirement.
In fact figures released by a leading insurance and protection company suggested that more than a quarter of all UK consumers are not adding up to their retirement savings fund.
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