People in work expect to retire before they reach their state pension age, which could lead to potentially unrealistic retirement planning, according to research by Prudential.
11.7 million people have not been able to contribute towards their savings for a number of years.
Workplace pension schemes are considered to be the safest way to invest for retirement, according to new research by the Office for National Statistics.
Annuity sales have seen their first quarter on quarter increase for the first time in 3 years, data published by the Association of British Insurers shows.
40% of adults are not in control of their personal finances, research by the Money Advice Service suggests.
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