Mark Reilly, Pensions Proposition Lead at Royal London, spoke of the findings,

“The survey highlights affordability as the number one barrier to pension saving for 43% of our respondents who didn’t have a pension. This shows the need for State agencies and providers to address the affordability issue through education and greater engagement. It’s hugely important that rather than simply see a pension contribution as just another outgoing that must be met each month, people realise that this money is to support their income in retirement.