Pension alert as Britons set for ‘retirement savings crisis’

“I don’t know much about pensions and I am not the sort of character to be looking to the future.”

B&CE is now calling for action from the pension industry as well as employers.

This, it argues, could help tackle the problem of under-saving and help people progress towards their goals. 

Phil Brown, director of policy at B&CE, said: “Once Generation X starts to retire in large numbers, the UK could face a retirement savings crisis, with people unable to carry on with anything like their current standard of living.