Government revives Pensions Commission in response to retirement 'crisis'

The government said the commission will look at why tomorrow's pensioners are on track to be poorer than today's and make recommendations for change. This builds on the 2006 commission, which found a consensus for the launch of auto-enrolment (AE), an initiative which led to millions more employees saving into a pension. However, the Department for Work and Pensions revealed its analysis showed incomes of retirees was "set to fall" over the next few decades if nothing changes. Its research found retirees in 2050 are on course for 8% less private pension income than those retiring t...