Andrew Tully: Plummeting pensions confidence is 'siren call' for wide-reaching action

Latest research from Nucleus shows retirement confidence in the UK has fallen to its lowest point in three years, with only 26% of adults confident they will have enough money to live comfortably for the rest of their lives, down from 34% last year. While that headline sounds bad enough, when we dig into the data, it reveals a growing sense of pessimism about retirement prospects, driven by the cost of living, low financial literacy, and frequent speculation about pension and savings rule changes. The 35-44 and 45-54 age groups have the lowest confidence. These cohorts are less likely...