Pensions News

I see here they mention that half of the 39% of the participants in the survey, saying that they did not have a pension in place are under 18 years old.

While I think it might be a good idea to have something small in place, it is not surprising to see under 18’s without a pension. After all, which teenager is going to miss their big night out with friends to put £40 into a pension fund, that after inflation and a few years, will be worth next to nothing!

Pensions are old

In a survey of 2,000 adults, Fairinvestment.co.uk has found that 39 per cent do not have a pension plan in place, and 20 per cent of those with a pension have had to reduce their contributions or stop paying into it since the credit crunch began

Nearly half of the 39 per cent surveyed who admitted to not having a pension in place were under the age of 18.