According to government figures, fewer people are saving for their retirement nowadays and the numbers are dropping. This trend is most pronounced among men and for people below the age of 30.
- 24% of people aged 22-29 save compared with 43% in 1997
- 44% of men save compared with 59% in 1997
- 39% of women save compared with 49% in 1997
Looking at hard cash, the pensions "boost" may not appear quite so big.
The largest shake-up of the pension scheme in more than a century is rolled out today. But what do the changes mean to you?