Pension Provision Shortfall Continue

Posted: 12th April 2011

A recent poll shows that less than half of a sample of people who commute into London save money by way of a pension.

One in five of the sample did not believe that pensions are a safe investment and one in seven believe that pensions are an inflexible form of saving.
With the state pension age set to keep creeping up and up as life expectancy increases (it moves to 66 in 2020), there is little sign that the yawning gap in the pension provision of many people is likely to be met, leaving millions facing greatly reduced living standards in old age.