Burnham Resources Reports: Survey Reveals Many Elderly and Young Persons in UK without Pension Plan

Burnham Resources,a recruitment and outplacement agency that provides both staffing and payroll services, has recently released a news article about the results from the Chartered Institute of Payroll Professionals’ (CIPP) annual survey which reveal Great Britain’s lack of planning for retirement, despite auto-enrollment recently coming into effect.

The young and the elderly have been shown as the most likely to not have a pension plan in place, with 36% aged 51 to 60 admitting that they don’t have a pension provision and a startling 60% of 20-24 year olds stating that they have not made a pension plan. In fact, 30% of all surveyed were not sure if their pension pot will be sufficient to live on and 24% answered that they were too young to even be thinking about a pension.

This news is particularly worrisome given that the government has recently been emphasising the importance of making provisions for the future and it is creating a financial time bomb.

More info about the Burnham Resources news article is available at http://www.burnhamresources.co.uk/survey-reveals-significant-number-of-elderly-and-young-persons-in-britain-with-no-pension-plan/.

About Burnham Resources:

Burnham Resources is a leading payroll recruitment consultancy, specialising in recruiting payroll and Human Resources (HR) professionals for both the UK private and public sectors. Based in Egham, Surrey, they provide a specialist recruitment service to candidates and clients throughout the UK. More relevant blog articles are featured at their web page at http://www.burnhamresources.co.uk/news-blog/.