Future planning When it comes to planning for the future, there is a general lack of understanding about how much money is needed in retirement. Just over half said that they have an idea of how much they need to be saving into a pension to meet their retirement goals Roughly three quarters consider their pension as part of their long-term plan 55+ 18-34 year olds Nearly half would like more guidance on how much they or their employer would need to save or contribute to achieve their retirement income goal of those auto-enrolled in a workplace pension feel that a pension makes them feel better protected and more resilient to later life events Those in the older age bracket and closer to retirement are more likely to agree with this compared to the younger age group know exactly what they contribute into their workplace pensions 44% have a rough idea of what they contribute into their workplace pension 27% 81% 67% have no idea of what they contribute to their workplace pension 29% 78% Attitudes towards financial security 18 A decade of auto-enrolment: has it helped or hindered saving psychology?
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