In the current climate we are now more likely to be borrowers than savers. We spend more, borrow more and save less. This macro trend is not just affecting the young or low paid. It is now stretching across the whole population.
More people than ever are joining employer sponsored pension schemes. Whilst this is encouraging news, joining by ‘default’ in reality means that employees do not have to make decisions or choices to enable membership.
The factors that will have the greatest impact on an individual’s retirement fund are determined by the decisions they make; investment, contribution and retirement choices.