Confusion and lack of information is affecting millennial savings habits

Kim Kaveh
clock • 2 min read

Just one in five (20%) millennials say saving to secure a desired retirement lifestyle is a top savings priority, according to a Pension and Lifetime Savings Association (PLSA) study.

This compared to just over a third (34%) of generation X respondents (those aged 35 to 54), and exactly half of those over the age of 55. The research, which was conducted on behalf of Close Bro...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

Strategy will feature in the WTW master trust’s core default funds

Jonathan Stapleton
clock 14 August 2025 • 2 min read
DC retirement outcomes show improvements amid market volatility

DC retirement outcomes show improvements amid market volatility

Hymans research finds growth phase members have experienced ‘positive’ levels of investment performance

Martin Richmond
clock 13 August 2025 • 5 min read
'Double counting' issue for private market fees risks DC 'opacity and confusion'

'Double counting' issue for private market fees risks DC 'opacity and confusion'

Aon warns lack of consistency in fee disclosure could lead to ‘loss of faith’ in expanded investment universe

Jonathan Stapleton
clock 13 August 2025 • 4 min read
Trustpilot