Pension opinion to lead to debt advice

Britons are not interested in planning for their retirement, meaning that many will end up needing debt advice once they retire.

New figures from Aon Consulting show that seven out of eight British employees are not bothered about their pensions, much higher than in continental Europe.

Whilst more Britons are covered by pension plans from their employers than in Europe, it is still less than half the population (47 per cent), meaning there will be millions seeking debt help once they finish work.

Oliver Rowlands from Aon warns that "a lot of people will simply be walking blindly into retirement poverty unless they take more of an active interest in their pensions."

Kevin Still, director of Atlantic Financial Managment, says: "It is vital that you both plan for your retirement and monitor the progress of your pension pot to ensure that it is adequate to cover your retirement. Many people over retirement age are having to work, especially if they still have debts to pay off on credit cards and personal loans.”

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