One-third have no pension, 25% no savings

MORE than a third of people surveyed said they don’t have a pension, while one in five cannot meet all of their monthly financial commitments.

The survey, conducted by Friends First, also found that a quarter of people said they don’t have any savings.

Since the downturn hit, almost a third of respondents have taken a pay cut, while close to one in 10 have had their working hours reduced. A third have also cut the amount they are saving.