IFS To Conduct "major Review" Of UK Pensions Retirement Policy

Published date15 May 2023
Subject MatterEmployment and HR, Retirement, Superannuation & Pensions, Employee Benefits & Compensation
Law FirmNorton Rose Fulbright
AuthorLesley Browning and Shane O'Reilly

The Institute for Fiscal Studies has called for a "major review of pension provision" after its recent report raised concerns that the majority of workers are saving insufficiently into pensions arrangements and this will adversely impact their living standards in retirement. Among other points, the report found that:

  • Although automatic enrolment is deemed a success in boosting workplace pension participation, many savers are contributing low amounts to a pension. For middle earners, 60 per cent of...

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