Attitudes are changing towards the importance of taking responsibility for saving for retirement, according to a pensions expert.
Tony Attubato, technical manager at non-profit organisation The Pensions Advisory Service, has noted that a decade ago there was a widespread feeling among employees that they did not need to consider their pensions plans as a matter of urgency.
But moving into the present day, he has suggested that "more and more" people are appreciating the need to take full responsibility for their future financing situation.
However, Mr Attubato has acknowledged that many workers still do not fully understand the pensions system and what financing options would be most suited to their personal circumstances.
"There's still confusion out there about the options and what's available," he affirmed.
"And that's something that organisations like TPAS [The Pensions Advisory Service] and others are trying to bridge."
Recently, the National Association of Pension Funds published a study into public awareness of the value of company pensions.
According to the survey, 75 per cent of employees believe that having access to a workplace pension is important for their future.
Sea-change noted in pension attitudes
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Sea-change noted in pension attitudes
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