Britons are being urged to start saving money towards their future before they reach the age of 30.
A survey by financial services provider Prudential indicates that financial advisers believe those who start saving money in a pension scheme are better off than those who delay putting money aside for retirement.
The study also shows it is believed that first-time buyers who took their first step onto the property ladder before their 30th birthday are financially more secure later in life.
But the onus is on the individual to ensure they establish a favourable financial position.
"Building up a financial security should be a personal responsibility," explains Anthony Frost, a Prudential spokesperson.
He notes that some people wait until they are in their 40s before they start planning their financial futures or start saving money.
"We try to encourage people to reengage into savings," Mr Frost concludes.
Apart from its UK business, Prudential also operates in other European countries, in Asia and the USA.
Prudential offers personal banking, insurance and pensions products, as well as retail and institutional fund management services.
Start saving money, young Britons urged
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Start saving money, young Britons urged
Mon, 24 Apr 2006
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