Workers urged to be aware of pension needs

A 35-year-old wishing to generate 50% of their salary at 65 - excluding the State pension - should be saving 25% of their current salary, according to the new pensions guide.

However research shows that the average saving is closer to 10%.

The Irish Association of Pension Funds, which launched the guide, has warned that lack of pensions awareness will lead to hardship or extended working lives for many people.

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