Pensions Commission
Coverage of Pensions Commission in the Nexus archive.
- At least 15m Britons not saving enough to retire, Pensions Commission says
At least 15 million Britons are not saving enough to retire, according to the Pensions Commission, which warns of a severe cliff-edge in pension savings across the UK. Millions face a shortfall in retirement savings, requiring a radical shake-up of the pensions system. The number of affected individuals may rise to 19 million without action.
- Government-backed Pensions Commission calls for action on gender savings gap
The Pensions Commission is calling for action to close the retirement savings gap between men and women in Britain, with women having half the private pension savings of men on average. The median pension wealth for women approaching retirement is £81,000 compared to £156,000 for men. The commission will tell ministers to address this issue in a shake-up of pensions.