Help to Save: Defusing the pensions time bomb

11 million people are at risk of entering ‘pensioner poverty’ when they retire. With the average pension pot standing at £36,800 a person will need to save six and a half times more to reach the £240,000 required to generate the government’s recommended retirement income of £16,200. 'Help to Save' calls for government to make it obligatory for people to save for their retirement by removing the opt-out in the existing auto-enrolment scheme while also increasing individual contributions to pensions as their incomes rise over time. 

Tags: pension, pension crisis, pensions, savings, policy, policy research

Source: http://www.p...-time-bomb

Rank: 1467 of 2066 in Politics

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