British workers start making financial preparations for their retirement earlier than people in many other countries.
That is according to new research conducted by AXA, which found that 28 is the average age for people in the UK to begin saving for their retirement.
This is lower than the average age in many other nations, such as France and Spain, where workers do not start saving until the age of 34.
In addition, financial preparations for retirement have already been started by 71 per cent of working Brits.
This figure puts the UK well above the global average, which is 54 per cent.
However, the study also discovered that as many as 29 per cent of British people do not expect to start saving for retirement until the age of 47.
Commenting on the findings, Steve Folkard, head of pensions and savings policy at AXA, said: "It is great to see that so many people in the UK see saving for retirement as a priority.
"However, it is worrying that against a background of declining employer provision, many are leaving it later to begin planning than they did before."
