In the third of PA's new Millennial Money video series, where experts dissect the money issues that matter most to millennials and those who advise them, Steve Webb suggests it will be Generation X who face the biggest challenges in retirement.
The former pensions minister turned Royal London director of policy suggests it will be the generation born between baby-boomers and millennials who will struggle the most in retirement. Webb references a report by the Resolution Foundation that finds Generation X - who were born between the early 60s through to the late 70s - missed out on defined benefit (DB) pensions, and never properly got started on defined contribution (DC) schemes, benefitting only from small contributions when auto-enrolment (AE) kicked off. Millennial Money: Use tech as a 'fee-gap' for younger clients That...
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