Almost 11m Brits 'undersaving' for retirement - DWP

clock

Almost 11 million Brits will not have adequate incomes in retirement, Department for Work and Pensions Research shows.

The DWP found that almost 40% of the working population aged between 22 and state pension age will fall short of the income replacement targets set by the Pensions Commission in 2004. Almost hal...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

John Healey named Chancellor of the Exchequer in 'surprise' appointment

John Healey named Chancellor of the Exchequer in 'surprise' appointment

Following speculation

Cristian Angeloni
clock 21 July 2026 • 2 min read
News Digest: UK pension giants 'most exposed in Europe' to shadow banking risks

News Digest: UK pension giants 'most exposed in Europe' to shadow banking risks

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 21 July 2026 • 1 min read
Andy Burnham: 'Britain needs to show the world we can regain our stability'

Andy Burnham: 'Britain needs to show the world we can regain our stability'

Cabinet to be confirmed

Michael Nelson
clock 20 July 2026 • 2 min read
Trustpilot