Advisers have urged savers to take action while working to save more into their pension or risk ending up with an income shortfall after retirement.
Roy McLoughlin, associate director at Cavendish Ware, said it was important for people to 'keep a close eye' on pension provision and not ignore it.
He said: “In arguably the good old days there were final salary pensions which were effectively a ‘promise’, so people didn’t really have to keep a close eye on pension provision.
"It’s demographics as to their demise but the radical mind set is that people now have to keep a much closer eye than previously.
"This is extremely difficult without guidance and education and that’s where the advisor becomes crucial. Proverbial heads in the sand on pensions will not work and while there are some excellent planning tools there is no substitute for good advice.”
Other advisers agreed that people needed to grasp the proverbial nettle and start getting to grips with their pension provision, including the need for professional advice.
Jonathan Cooper, head of paraplanning for Drewberry, said it was important for clients firstly to understand what they are aiming for, otherwise "how do they know whether they are on track?", and to start as early as possible.
He gave the following pointers to help set people on the road to boosting retirement income:
Their comments echoed the findings of the LV Wealth and Wellbeing monitor, which found earlier this year that only 41 per cent of non-retired UK adults were confident they had saved enough for retirement.
However, 65 per cent of those who had approached an IFA said they were confident they will have saved enough.
The research, which was carried out among 4,000 consumers and is conducted every quarter, also found that those who were more confident about retirement were also more likely to have increased pension contributions and discussed their plans with partners.
Clive Bolton, managing director of savings and retirement at LV, said: “The research highlights the enormous value and benefit financial advisers provide for their clients.
"It’s striking to see how consulting a financial adviser makes them become much more confident about their finances and retirement plans.
“Saving some money in cash and keeping it aside for emergencies makes sense but too much money means people can miss returns from rising investment markets.
"A good financial adviser will help clients make the most of their savings by creating an investment portfolio to match their attitude to risk."
simoney.kyriakou@ft.com