'Urgent action' needed on Gen Z pension saving barriers: PPI report

The Concerns of Gen Z report, commissioned by the Institute and Faculty of Actuaries (IFoA), has detailed challenges the cohort born between 1997 and 2012 face in terms of retirement. The report, which outlines economic and employment challenges, reliance on defined contribution (DC) schemes, short term priorities and financial pressures such as rising housing costs and student loan debt repayments, said such challenges are delaying the cohort's need to address their pension provision. It also noted this could have "long-term implications for economic stability, social equity and the ...