Family spending institute Nibud said on Friday it is concerned about the financial position facing the country’s future pensioners.

Not only are they building up smaller pension funds, but they will also be faced with higher expenses, Nibud said following the publication of a new report.

The organisation estimates one in four of today’s 65-year-old will not have enough pension cash to maintain their standard of living.

In particular care and housing costs are set to rise in the future, the research by Nibud and accountancy group PWC said. For example, pensioners who have not paid off their mortgages will continue to have high housing costs when they retire, the report points out.

This means people in their 30s, 40s and 50s have to prepare properly for retirement. Rising divorce rates, flexible employment contracts and self-employment all have an impact on pensions and need to be taken into account, the organisation said.