Youngsters lack of interest is the "real pension crisis"

Speaking at a Cityforum round table, Eastbourne MP Nigel Waterson has urged the pension industry and the government to focus efforts on the younger generation of Brits, who, he deems, are not at all interested in saving for their retirement. He says: "The real pension crisis is not the 60,000 who have already lost their pensions, but the whole raft of young people who have turned their backs against pension savings." Further exacerbating the problem, they do not believe in the UK savings system or the government, he adds. Waterson believes the Pensions Bill likely to come into forc...