Workers 'need pension saving targets'

Holly Jaques Associate Manager at Addional Resources agrees with the findings of the Pensions and Lifetime Savings Association (PLSA) that workers need a pesnion savings target. Genertions of workers have found pension are falling short here is a good practise to save for a pesions. The BBC article covers this velow.

The majority of workers are unaware of how much they need to save for a comfortable retirement and need targets, a trade body has said.

More than 13 million people risked not saving enough for an adequate retirement, the Pensions and Lifetime Savings Association (PLSA) said.

Its research suggested that 78% of those surveyed did not know how to tell whether they were on track.

It said retirement income targets used in Australia could be copied in the UK.

The PLSA said consultation, running until January, would consider what exact income levels could be needed.

Read the full article here on How to get a pension of £20,000 by the time you retire.