The government should use the next phase of its retirement review to introduce urgent policy changes to boost savers’ outcomes, a think tank has said.
Phoenix Group's longevity think tank Phoenix Insights outlined five priority areas to improve retirement adequacy ahead of the government's review which was launched in July last year. Phoenix Insights said its model suggested about 17 million UK adults were "not on track to retire when they want to on the income they want". It said the undersaving crisis would come to a head in the 2030s and 2040s as the least financially prepared begin to retire. It urged the government to focus on furthering pensions auto-enrolment, to introduce a more flexible and engagement saving system, offer ...
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