According to the Pensions Policy Institute, the Governments' long-term target of achieving 40% state and 60% private pension provision is unlikely to be met.
The study concluded that the state is likely to remain the major provider for many people, as only the state can guarantee poverty prevention. They believe that more work is needed to decide whether to rely on people saving voluntarily for their retirement, which is the preferable option, or whether some form of compulsion needs to be introduced.
The report also states that working longer will play a bigger part of future pension policy, with the labour market having to adjust to take into account older workers.
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The Pension Crisis rolls on - why does not an MP contact us for a view.
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