Act now to prevent Gen X 'grey and grim retirement'

‘Generation veXed’

Jenna Brown
clock • 3 min read

Collective action from government, the financial services industry and employers could help ensure savers in Generation X do not retire with insufficient funds, a study has found.

The report, published by the Pensions Policy Institute and sponsored by Phoenix Group, said there is still time to take action to stop people retiring with insufficient incomes and joined-up policies was essential. Generation veXed: solving the retirement puzzle looked at the financial wellness of baby boomers, Generation X and millennials, the risks they face in later life and how policy, industry and employer interventions could mitigate risk. PPI head of policy research Daniela Silcock said "The decline in defined benefit (DB) provision, reductions to the proportion of state pensio...

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