UK - Nearly half of working-age adults do not have any pension arrangements, research by Mintel International shows.
Its study claims 17 million people are relying on the state or their spouse for retirement income.
And Mintel said that 40% of people who do have a pension are saving less than £100 a month while only 16% save more than £200 a month.
Finance analyst Paul Davies said: “To put this in perspective, for a 35-year-old man looking to retire at 65 with a final pot in the region of £100,000 – which would only produce an income of around £6600 at current annuity rates – he would have to save at least £260 per month.
“This means that the majority of pension holders will fall short of their expected income.”
The market research firm also found that there are “staggering” differences between the amounts saved by men and women.
“While one in four women save less than £50 a month, just one in six men save this low amount. At the other end of the spectrum, one in five men are in a position to save £200 or more per month, compared to one in 10 women.”
The two-sided simplified annual pensions statement should be applauded, even if it missing information, says Jonathan Stapleton.
LGPS Central has appointed Hermes Equity Ownership Services (EOS) to run engagement and voting services for the investments of its nine local authority funds.
The Universities Superannuation Scheme (USS) is being pressed to ignore advice from a joint expert panel, which would store up problems with "pernicious consequences" for the higher education sector.
Simon Eagle of Willis Towers Watson says that, based on his work for Royal Mail, well-designed collective defined contribution (CDC) funds would be viable for some other UK employers too.