Great to see our latest analysis in collaboration with Phoenix Group now published. This piece dives deep into the pressing issue of retirement undersaving, showing that by the 2040s, 6 out of 10 entering retirement with a Defined Contribution pension will be retiring with either less than they expect, or less than they need. Click on the link below to find out more
When does tomorrow's problem become today's problem? We already know millions of people are under-saving for the future, and many will be in for a shock or rethink their retirement. We have crunched the numbers further with Frontier Economics to see when this is going to hit the most. Already most new retirees with a DC pension are going to be retiring with either less than they expect, or less than they need for retirement. And those numbers are going to grow so that by the 2040s 6 out of 10 retirees will be in one of those situations. It's not too late to change things, by saving more, working differently or rethinking what pension saving defaults we might need. There's a real opportunity to make sure that people's futures are more what they need and want. Phoenix Group Mike Ambery Catherine Foot Dr. Aideen Young Evey Tang Paul Cullum Francesco Barcellona Kalina Kasprzyk Matthew Blakstad https://lnkd.in/eP2NUzWs
