Monday, 30 December 2013 08:30
UK families with an employer pension rises to nearly 40%
NEARLY four in ten UK families now have an employer pension, a rise from under a third in January, research has found.
The Government's auto enrolment scheme has been cited as a key factor in the Aviva family report.
While 32% of families involved in the study had an employer pension at the start of 2013, there are now 38%.
The company's review also discovered that the frequency of private pensions has also crept up from 18% to 19%.
Aviva also reported that 14% of adults affected by the break up of a
committed relationship said their pension had been their most neglected financial arrangement.
Researchers also looked at the regional divide on incomes and pensions.
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The report stated: "As well as having the smallest monthly income, families in Wales are the least likely to have started paying into a personal pension (9%).
"Given their larger monthly incomes, those living in London are the most likely to have set up their own personal pension scheme (23%)."
The report also found the average monthly amount UK families are typically saving has fallen by £5 since July to £91, but this is still the second largest monthly sum saved by families over the last three years.
Louise Colley, protection distribution director at Aviva, said: "With so many needs to balance, it can often help to pause for breath and consider whether the available options to save, invest or protect an income might provide some extra security and help provide peace of mind.
"No-one can predict the future, but taking careful steps wherever possible can often put families in a stronger position to manage any change that comes their way."
The Government's auto enrolment scheme has been cited as a key factor in the Aviva family report.
While 32% of families involved in the study had an employer pension at the start of 2013, there are now 38%.
The company's review also discovered that the frequency of private pensions has also crept up from 18% to 19%.
Aviva also reported that 14% of adults affected by the break up of a
committed relationship said their pension had been their most neglected financial arrangement.
Researchers also looked at the regional divide on incomes and pensions.
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The report stated: "As well as having the smallest monthly income, families in Wales are the least likely to have started paying into a personal pension (9%).
"Given their larger monthly incomes, those living in London are the most likely to have set up their own personal pension scheme (23%)."
The report also found the average monthly amount UK families are typically saving has fallen by £5 since July to £91, but this is still the second largest monthly sum saved by families over the last three years.
Louise Colley, protection distribution director at Aviva, said: "With so many needs to balance, it can often help to pause for breath and consider whether the available options to save, invest or protect an income might provide some extra security and help provide peace of mind.
"No-one can predict the future, but taking careful steps wherever possible can often put families in a stronger position to manage any change that comes their way."
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