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Older generations got better financial advice, according to most young adults

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dailyrecord.co.uk

finance than they were, according to a survey. And seven in 10 (71 per cent) people in this age group said they would save greater amounts into their pension if they understood more about it, research from pension provider Cushon found.

More than half (58 per cent) believe older people had much better pension options than young people do now. While three-quarters (73 per cent) of those aged 65-plus think younger generations need much more support to plan for their financial future.Baroness Ros Altmann, a former pensions minister, said: "Cushon's research indicates that younger people tend to believe they have been disadvantaged by lack of education at school or home about savings and pensions."There is also concern from older generations.

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