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|Pensions savings and Market Household Finance Index|
|Wednesday, 16 December 2015|
Andrew Storey, Technical Sales Director at eValue, comments on the December Markit Household Finance Index: “Today’s Markit Household Finance Index shows that the financial squeeze on households has eased again this month. However, households remain downbeat in their financial wellbeing outlook despite improved perceived job security.
"In order to ensure their long-term view is positive, people need to think about how they can guarantee their future household lifestyle. This means saving as much as possible into pension pots. Even a small increase in contributions now will be of massive help in the long term as savings add up and gain compound interest. For example, at a moderate investment growth, saving just £10 a week from the age of 25 could create a pension pot of around £100,000 by 65.”
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