Pension confusion leaves millions unsure if they’re saving enough

The PLSA finds 80% aren’t sure they’re saving the right amount for retirement and half wrongly think the auto-enrolment minimum pension contribution level is the Government’s ‘recommended amount’.

New research from the Pensions and Lifetime Savings Association (PLSA) reveals eight in ten (80%) aren’t confident they’re saving enough for retirement, equating to 30.4 million working age people who risk not being able to afford the lifestyle they want in later life.

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