Skip to content

Third 'saving enough for pension'

Only just over a third (38 per cent) of workers believe they are putting away enough money for their retirement, a survey has revealed.

The study, carried out by consultancy firm Mercer, also showed that the 21-45 age group was least confident about their financial situation in retirement.

When asked if the company they worked for was doing enough to help them prepare for retirement, 35 per cent said they were satisfied, 34 per cent said they were unsatisfied and 31 per cent were unsure.

Jenny Condron, a partner at Mercer, said: "Concern about retirement is fuelled in part by media attention on pensions in the private and public sector and a raft of other social and financial pressures facing employers and employees."

Mercer interviewed 2,400 workers at more than 1,000 private sector companies as part of a global survey of almost 30,000 employees from 17 countries.

Copyright © Press Association 2011

Find Your Financial Consultant

Financial Consultant Form

More information about FCs

'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd. which is authorised and regulated by the Financial Conduct Authority. Personal Loans and savings accounts are provided by Wesleyan Bank Ltd which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Bank Ltd subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Wesleyan Unit Trust Managers Ltd. is authorised and regulated by the Financial Conduct Authority.

Click for more information about the Wesleyan group of companies.

© 2015 Wesleyan Assurance Society