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

Hymans Robertson publishes employee benefits report

Hymans Robertson publishes employee benefits report

Most employers are making progress on supporting workforce to improve benefit security and offering

Jasmine Urquhart
clock 26 February 2026 • 2 min read
GAD sets up public sector DC scheme working group

GAD sets up public sector DC scheme working group

Group aims to share knowledge and ‘foster understanding of the challenges’

Jonathan Stapleton
clock 26 February 2026 • 2 min read
Industry calls for whole market approach to FCA pension transfer reforms

Industry calls for whole market approach to FCA pension transfer reforms

Consultation responses suggest proposals risk creating ‘disjointed’ and ‘confusing’ experiences

Martin Richmond
clock 11 February 2026 • 5 min read
Trustpilot