Hitting The Target - Final recommendations
Pension confusion leaves millions unsure if they’re saving enough.
Future retirees are less likely to have an adequate retirement income than current retirees, due to lower levels of pension saving and the decline in home ownership amongst younger savers. At the same time, the cost pressures that future retirees are likely to face are increasing. Increased and, in some cases, additional costs mean that savers will have to save more if they are to maintain their working age standard of living in retirement.
This two page summary takes you through the key research and conclusions of our report Hitting The Target: A Vision For Retirement Income Adequacy, and sets out our vision for how the Government, together with the pensions sector, could guide savers toward a better retirement by creating Retirement Income Targets.
More on the Hitting the Target project here.