- Tuesday, 9 March 2010More people may need
debt management advice to help them become more confident in saving for retirement.
New research by the National Association of Pension Funds found that two-thirds of people fear that their pension will not leave them with enough money after they stop working.
Some 27 per cent of respondents said they would be more confident in their pension fund if they were assured that they would not lose any money.
Keith Churchouse, director of Churchouse Financial Planning, said more people were entering retirement and finding the level of pension that they will get disappointing.
The situation is characterised by "baby boomers and baby gloomers", he said.
"There has been a glut of baby boomers that have gone through the pension system over the last five years and have retired with what many would see as a reasonable pensionable income, but we are starting to see another batch of people come through who haven't had the enjoyment of a final salary scheme or possibly haven't made sufficient provision in their own retirement planning," added Mr Churchouse.
Figures from the Office for National Statistics show that 53 per cent of full-time male and 58 per cent of full-time female workers in Britain are members of employer pension schemes.
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