'It could cost me £10k but I need the money now': Why Gen Z are opting out of pensions
Overall, however, he is confident he will have enough to retire on at the end of his "30-40" year career and is determined to opt back in to his pension as soon as he can. According to the Department for Work and Pensions (DWP), around 22.6 million people, or 90% of those who are eligible for "automatic enrolment" pensions, are paying into one, while about 2.5 million are not. That's up from 6.6% in the same period of 2020.
- ▪Overall, however, he is confident he will have enough to retire on at the end of his "30-40" year career and is determined to opt back in to his pension as soon as he can.
- ▪According to the Department for Work and Pensions (DWP), around 22.6 million people, or 90% of those who are eligible for "automatic enrolment" pensions, are paying into one, while about 2.5 million are not.
- ▪That's up from 6.6% in the same period of 2020.
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| Original publisher | BBC News — Business |
| Canonical URL | https://www.bbc.co.uk/news/articles/c68xk0ndqz8jo?at_medium=RSS&at_campaign=rss |
| Publication time | Thu, 01 Oct 2026 23:00:06 GMT |
| Retrieval time | 2026-10-01T23:02:54.731Z |
| Last seen | 2026-10-01T23:02:54.731Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | 8_ZIdYKst_tA · 1 stories |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
'It could cost me £10k but I need the money now': Why Gen Z are opting out of pensionsImage source, Hassan NassarImage caption, Dr Hassan Nassar is determined to opt back in to his pension as soon as he canPublished2 minutes agoUntil early September, Hassan Nassar, 26, was saving around £430 every month into his NHS workplace pension.But the trainee GP, who works in the West Midlands, says he was "really cash strapped" and decided to stop putting money aside for around "six to 12 months".He needs the money to help take care of a sick family member, save for his first home and cover rent and student loan repayments.But he's aware there is a cost to opting out, estimating he could lose between "£5,000 and £10,000" in future retirement income due to the decades of compound interest he will…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.
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