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This is the view of Anna Sofat, chief executive of Addidi Wealth, who described the upcoming auto-enrolment pension initiative as a positive step and pointed out that it will help individuals to save without needing to think about it.
Ms Sofat pointed out that this neatly avoids the issue of whether a person feels they can afford it or not.
In her view, the importance of this type of long-term capital investment has filtered down to the younger generation of Brits.
She said: "Certainly in my experience, many younger people are thinking about saving for their pensions and beginning to do so earlier than previous years."
Her comments follow research by Fidelity International showing saving for retirement ranks below going travelling in young people's list of priorities.
Posted by Chris Weaver
