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Third of elderly wish they had saved more

A third of UK pensioners regret not saving enough for their retirement and would prefer to have started a pension earlier, according to research by online stockbroker comdirect.

Thirty-five per cent of people in their 60s and 29 per cent in their 70s wish they had not put off investing in a pension.

Not starting a pension earlier was the biggest regret for 32 per cent of the sample, including 34 per cent of women and 30 per cent of men.

Marketing manager Neil Jamieson says: “While we all have times when we wish we could have done things differently, it is up to individuals to map out their futures.

“What is evident from the research is that financial matters feature highly on people&#39s wish lists and it is hoped that the Government and financial providers&#39 constant awareness campaigns will eventually get through to people before it is too late.”

Help the Aged policy officer Richard Wilson says: “It is no surprise that many older people feel they are limited by their retirement income and wish that they had more opportunities to save when they were in work. All too many pensioners, especially women, are still living in poverty in retirement.”

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