Crying out for compulsion: Why people need more than a savings 'nudge'

Outside of this group, 35% of people retiring in 2012 have saved into a company pension, and 30% will draw on a mixed bag of investments, personal pensions, part-time work and hand-outs from their families. Am I bothered? As a nation we are shirking the responsibility for providing for what could be a third of our own lives; those years after age 60 or 70. The usual reason given for having not saved enough into a pension is that it is unaffordable when faced with buying a home and bringing up children. The other reason often given is that pensions are too hard to understand. A...