Today’s workers are on A More risk of poverty In old age compared to his parents, experts warned, as the UK wants to revive a government body to deal with the crisis.
people watching Retired in 2050 According to the UK, the current pensioners are on the course to get £ 800 per year.
Department for work and pension (WPP) Desire Revise pension commissionThose who were last met in 2006, “to deal with the obstacles that stop to save the first place”.
At least 45 percent of working adults are not putting anything in their pension, work and pension secretary. Liz Kendal Said.
The previous commission had automatically recommended nominating people in workplace pension, with an increase in 2012 to 88 percent increase from 55 percent to 88 percent.
The DWP analysis suggested that 15 million people were undertaking for retirement, self-employed, less paid and some were particularly affected with ethnic minorities.
About three million self-employed people are said to have saved nothing for their retirement, while only one-fourth of the people in the private sector are saving the same proportion from the Pakistani or Bangladeshi background.
Women have to face an important gender pension gap, with those who can expect men, barely get closer to retirement in the line to get half the income.
Pension Minister Torsten Bell said: “The original pension commission helped to save pension and reduce pensioners poverty.
“But if we go, we risk the retired people of tomorrow to be poor than today. So we are reviving the Pension Commission to end the job and securing the retirement safe to see today’s workers further.”
The Commission will be led by the previous commission member Barona Jenny Drake, and will be reported with those proposals beyond the next election in 2027.
Age UK Caroline Abraham said that the Commission needs to address the state pension, which provides a large share of retirement income for most pensioners.
He said: “If we are experiencing financial difficulty to avoid the future generations of pensioners, then we need reforms that enable more people to build a civilized standard of living, and we need them to help later instead of maximizing the numbers that can be helped.”
Ministers hope that the Pension Commission would build a consensus around changes, as its predecessor, working with businesses and trade unions.
