Planning for retirement | 8 in 10 young workers want a single pension pot for life

Younger people are in favour of government plans for a pension pot for life, a new survey reveals.

A survey of UK workers by the Social Market Foundation – a cross-party think tank – supported by pension and savings fintech Cushon, has revealed high levels of support for a pension ‘pot for life’ that the employee gets to decide on. While 25-34 year olds are the most supportive (78%), support is also high among 35-44 year olds (73%) and 45-54 year olds (69%).