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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

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