DWP warns 12m people still not saving enough for retirement

It said millions of workers could secure a better future if they made small changes to their saving habits now. Adding, while 11.9m people are still saving too little many of these workers were on the “right path” and could safeguard their futures if they saved slightly more. The analysis found of the 11.9m, almost half are at least 80% of the way towards achieving their retirement income target, while only 8% are less than 50% of the way there. Pensions minister Steve Webb said: “This coalition government’s sweeping reforms of the pensions system will make a huge difference to the long-...