Parents are twice as likely to talk to their children about the birds and the bees than they are about pensions, according to a government survey.
A lack of awareness about saving for retirement is among the reasons for millions of people not saving enough to pay for the lifestyle their expect when they grow old. Experts suggest that debt pressures and confusion about pension provision also lead to fewer than 40% of workers aged 22 to 29 putting money away for their old age.
The fist thing to say is that it is better to start saving for a pension as early as possible.
Make sure your children know about the state pension, that it provides for people who have reached the pensionable age. This is the income which the state provides to people who have reached pension age.
At the moment, it is up to £97.65 a week for men aged 65 and above and women aged 60 and above.
But, as we are all living for longer, the pension age is going to change and is likely to reach at least 68 for all men and women just setting out on their working life now.
To get a full state pension tell them that they need to have paid National Insurance contributions - usually deducted from your pay packet - for 30 years. A state pension profiler will explain how much you have built up, and the date when you can claim the state pension.
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