Act now to prevent Gen X 'grey and grim retirement'

The report, published by the Pensions Policy Institute and sponsored by Phoenix Group, said there is still time to take action to stop people retiring with insufficient incomes and joined-up policies was essential. Generation veXed: solving the retirement puzzle looked at the financial wellness of baby boomers, Generation X and millennials, the risks they face in later life and how policy, industry and employer interventions could mitigate risk. PPI head of policy research Daniela Silcock said "The decline in defined benefit (DB) provision, reductions to the proportion of state pensio...