Turner Report: Key findings

Pensions: Challenges and Choices, The First Report of the Pensions Commission chaired by former CBI director general Adair Turner, and set up by the Government to tackle the crisis, found that no single solution makes sense, but is designed to point out millions of people face poverty in retirement unless they begin to save. Therefore, it does not focus on a single "savings gap" figure, but instead looks to present trade-offs required for different combinations of responses. Turner and his Commission have identified the "unpalatable choices" of higher taxes, a big increase in private s...