Patrick Mill looks at Labour's pension review and share what he wants to come from it...
Worries about whether people are saving enough have been simmering for quite some time. The new Labour government's announcement of a pensions review has thrown the debate around retirement adequacy - having enough financial resources to meet basic needs, live comfortably and maintain a desired lifestyle – back into the spotlight. And addressing this issue is crucial. According to the pension review announcement, just one in seven people in the UK are saving enough for a decent standard of living in retirement, and the average pension pot is far below what is needed to sustain a comforta...
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