He said: "A lot of people do find it difficult to save now for their pension at all. Every generation would say they have their own problems but I think it probably is harder these days.
However, Mr Naismith added that it is "never too late" for people to save for their retirement in a pension plan, as it can effectively increase the standard of living of people in later life.
Recent research by Scottish Widows found that over one in three women of working age do not currently have a pension scheme, while the pensions gender gap has grown to by five per cent since 2006.
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