Nation

choosing to stay than opt out.

Meanwhile, reforms introduced in April have given people aged 55 and over new freedoms over what they do with their pension.

New figures from the Office for National Statistics (ONS) also suggest we’re becoming more pension-savvy.

The ONS’ Wealth and Assets Survey found people’s knowledge surrounding automatic enrolment has increased “substantially”.

Just eight per cent of people it surveyed between April and June 2014 were unaware of workplace pension reforms – compared with 40% of people surveyed between July and September 2012.

Confidence in employer-based pension schemes has also increased, with 40% of people considering this the “safest” way to save for retirement between July 2012 and June 2014, compared with 35% who said this between July 2010 and June 2012.

Nathan Long, head of corporate pensions at financial services firm Hargreaves Lansdown, said: “Increasingly, research points to people working for longer and likely to favour part-time working in their later years.

“Employers should be mindful of these developing trends and the impact they will have on their business.” in their pension rather