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Pensions and the Coronation

Money Box

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The Future of Pensions

Pensions are very slow-moving. What a 21-year-old does now in terms of saving for retirement is still going to affect retirees' living standards at the turn of the next century. Automatine enrollment has basically been as or more successful than I think anybody could have imagined when it was proposed almost 20 years ago. The only thing that hasn't been so successful is getting people saving a little bit more. So lots of people saving, but not many saving the circa 15% of salary that the pensions commission thought might be appropriate.

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