These figures would suggest that in Mid Dorset and North Poole constituency 29172 people are making no occupational or personal pension contributions. While 52% of men are not saving, the problem is worse amongst women - 60% of whom are not saving. In Mid Dorset and North Poole constituency that suggests that 15600 of women are not saving and 13572 men.
"This level of undersaving could prove very significant in future years as people become aware of how much they have to survive on in their retirement. Survey after survey shows that people overestimate the level of income they will have in retirement and underestimate how long they will live for.
"What is more disturbing is that the trend is worsening and the Government rather than tackling the challenge face on are making things worse.
"With the withering of the state pension and the spread of means-testing, people are no longer clear if it is worth their while saving or not. And with the growth in personal debt and the struggle to get on the housing ladder, pension saving inevitably takes on a low priority.
"The Government have said they are waiting for Adair Turner's Pension Commission to report at the end of November. But come December the Government must join the growing consensus that the only long term solution is a Citizen's Pension uprated in line with earnings and set at a level which would put an end to means-testing."
The figures adapt working age population figures from the Office of National Statistics from December 2004 to estimate the level of undersaving at a constituency level.
A Citizen's Pension is based on residency and not contributions. It would particularly help women who have taken time out from work to act as carers.
Pensioner poverty is greatest amongst women: currently only 16% of women qualify for a full basic pension.
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Previous news story: MPs use National School Meals week to call for more action on Children's Food. (Thu 13th Oct 2005).
Next news story: ID Cards are expensive and won't work, say Mid Dorset and North Poole Liberal Democrats (Thu 20th Oct 2005).
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