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Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive` School focuses on "curing Ireland`s debt disease"

Retirement thoughts `being push to back of minds`

13/02/2008

People across the UK have an ambivalent attitude about saving for retirement, an industry expert has claimed.

According to the Pensions Advisory Service (TPAS), consumers are failing to save for their retirement because they do not want to think about their later years.

However, many people throughout the country may need professional debt advice in the future if they do not start saving for retirement at an early age, Des Hamilton, technical director of TPAS, said.

Mr Hamilton added: "There`s an ambivalence about it - the financial aspect of being able to fend and provide for yourself in retirement is very off-putting because it means deferring expenditure today."

Sky News reported in January that one in three Britons are failing to put money aside for their pension fund.

Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in