Visualising retirement is key to maintain pension saving for employees aged 45 to 54, according to thinktank Phoenix insights.

Young workers aged between 16 to 21 in the private sector are participating in workplace pension schemes at a much lower rate than their public sector counterparts.

Yesterday (5 January) Conservative MP Richard Holden put forward a Private Member’s Bill to extend pensions auto-enrolment to 18-year-olds and those in part-time or low-paid work.

People are unaware how much they should contribute to their pensions and other long-term savings, according to research