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  1. ITV Report

More than 80% of under 25s not saving for pension

Credit: Kirsty O'Connor/PA Archive/PA Images

More than 80% of those under 25 in Jersey are not saving for retirement, with most blaming low wages.

The figures come from a survey carried out by Social Security, as part of major review.

It also showed 39% of 25 to 34-year-olds were not contributing to a pension.

But, overall 72% of respondents said they were saving for old age, with most starting in their 20s or 30s.

Sixty percent of people who did have a pension, said it is because they were offered a workplace scheme.