UK - Almost half the UK's adults have no company or private pension and will rely on state benefits in retirement, a study by Accenture HR Services shows.
It found that a third of people within 10 years of retirement had made no extra pension provision.
Accenture European chief operating office Andrew Middleton said employers needed to do more to educate their staff. “If this trend continues, Great Britain will be a nation of poverty pensioners, or worse still, people will be forced to continue to work into their 70s.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.