Unsavvy savers risk personal debt

The saving decisions that people make now could hit them when they reach retirement, new research has shown.

Millions of people are risking financial problems when they finish work by not taking advantage of company pension schemes.

Unbiased.co.uk has revealed that this year alone, Britons will miss out on nearly £750m (£742m) by not making additional payments to their pension pot.

Karen Barrett from unbiased.co.uk comments that "failing to save for retirement has become an increasing problem for the UK population" and "people have put off saving for retirement as their day to day money worries have taken priority."

She also advises that people seek financial assessment to see what they can afford to spend and on what.

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