Nearly half of adults in the UK are failing to contribute anything towards a pension scheme, despite the continued trend of people living longer. New research shows that 46pc of the working population aged over 18 are not setting aside any money for pensions. A similar number (45pc) of people aged between 55 to 64 are also not currently paying towards their retirement funding.The Society of Pension Consultants, the representative body for the pensions industry, which commissioned the research, said it was "worrying" that virtually half of the working country is failing to save towards retirement, especially as the credit crisis had eaten into the value of homes.
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