Will you be hit by the UK pensions crisis?
Making Money
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The UK Pensions Crisis and Future Retirement Challenges
The chapter delves into the UK pensions crisis, touching upon the lack of engagement with pensions, inadequacy of retirement savings, and uncertainty surrounding the state pension. It explores the impact of living longer on retirement costs, challenges faced by different age groups in saving for retirement, and the role of auto-enrolment in increasing pension participation rates. The conversation also addresses the importance of planning for retirement, implications of demographic trends on pension systems, and the need for better provisions for self-employed individuals' retirement saving.
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Transcript
