A spokesperson for the Prudential has said that saving for retirement should start as early as is possible.
As well as pensions people should also be looking at savings accounts, property and other assets to create a well balanced portfolio that will allow a comfortable retirement.
An area that is often overlooked, company pension schemes, are also highly recommended. Although the final salary schemes are very rare now there are still many opportunities for people to join money purchase schemes, where they invest an amount each month. Contribution assistance by the employer, tax benefits and the long term growth potential of these pension schemes make them a very attractive proposition and one not to be ignored.
For those considering a retirement age the Prudential have a report that shows the current retirement age for women is just 58, with men retiring, on average, at 60.