It was also found that many people think that the date at which they start saving for retirement is not very important, while many undervalue the importance of having the right asset allocation.
Commenting on the research, Fidelity's IFA channel head, Peter Hicks, said: "We are saving too little, starting too late and then misjudging critical elements of planning and investment decision making.
"Furthermore, despite the heightened public debate about these issues, many people continue to view them as applying to everyone but themselves."
Secretary of state for work and pensions Peter Hain also recently urged individuals to take "personal responsibility" for their pension provisions.
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.