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

‘Generation veXed’

Jenna Brown
clock • 3 min read

Collective action from government, the financial services industry and employers could help ensure savers in Generation X do not retire with insufficient funds, a study has found.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Do clients already own the best retirement portfolio?

Do clients already own the best retirement portfolio?

'Feeling safer and being safer aren't the same thing'

Alex Funk
clock 29 October 2026 • 4 min read
Budget 26: Government to get rid of two-year tax rule on lump sum death benefits

Budget 26: Government to get rid of two-year tax rule on lump sum death benefits

Changes will also be made to how tax due on excess lump sum death benefits is collected

Jonathan Stapleton
clock 28 October 2026 • 1 min read
Budget 26: State pensioners to be shielded from income tax

Budget 26: State pensioners to be shielded from income tax

State pension expected to rise to £13,036

Sophia Panayi
clock 28 October 2026 • 2 min read