People who choose to invest in their pension schemes are showing signs of improved confidence, it has emerged.

Danny Cox, head of advice at Hargreaves Lansdown, said now is a good time to start investing as the market looks set to improve further in the future.

"We are also seeing that people are dripping money into the market rather than putting it in lump sums so people are phasing into the market which is a good strategy," he continued.

Investors are taking more risks with their money, Mr Cox observed, urging people to get back to basics with their money to ensure they are making the most of what they have.

A survey conducted by Skandia recently found that over half of people believe they would find it easier if they could see all their savings and investments listed together and that this is one of the main barriers to making retirement plans.

The research also shows that almost half (46 per cent) of those with a personal pension have more than one, with 16 per cent having between three and five different personal pension pots.