Jonathan Watts-Lay, Director, WEALTH at work comments on the £9 trillion savings gap that will plague future British pensioners for 40 years, according to a new report into retirement savings.
"Employees need to receive suitable financial education and guidance in the workplace to understand how to save efficiently and effectively for retirement. It is one thing having a pension in place but another to understand not only what to contribute to that pension but how to find the money to contribute. A starting place is for employees to be more promiscuous with their debt, thus freeing up money for retirement saving. Readers should see what financial education is available in their place of work and seek appropriate advice if required."
Please see the article on This is Money website.
