Points of view

Many column inches are devoted each year to detailing the problems with the UK pension system. Defaqto’s annual research1 provides further insight into this situation by looking into consumer retirement savings habits and assessing consumer attitudes to key retirement savings and income issues. Three of the research findings neatly encapsulate the core problems with pensions in the UK. Not enough people saving Although the year-on-year research figures show a slight increase, the fact remains that only one quarter of consumers are saving for their retirement. This is the statistic that...