Up to 15 million not saving enough for retirement, Pensions Commission warns

Report looks at the state of retirement saving in the UK

Holly Roach
clock • 3 min read

The Pensions Commission has published its interim report looking at the state of retirement saving in the UK, warning that up to 15 million people are currently not contributing enough to ensure financial security in later life.

The report, published today (19 May), said there are "key challenges" in retirement across the UK, with 15 million people currently undersaving, a figure the commission said could reach 19 million without action. It noted that while many people are not saving enough for retirement, this is particularly true among low and middle earners, the self-employed and women. The commission – revived by the government in July 2025 – was set up in a bid to tackle the retirement challenge that has been growing for years, looking at why tomorrow's retirees risk being worse off than today's and maki...

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