UK pension shortfall to hit £26trn by 2050

James Phillips
clock • 3 min read

A $224trn (£174.2trn) combined deficit could hit the six largest pension systems if action is not taken now to address longevity risk, the World Economic Forum (WEF) has warned.

The UK, US, Japan, Netherlands, Canada and Australia also need to improve access to their pension systems to prevent the looming crisis, the think tank added. If China and India were included in th...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

A dynamic value-based framework for retirement

A dynamic value-based framework for retirement

Brian Henderson says we should define value before we start ranking products against it

Brian Henderson
clock 26 August 2026 • 14 min read
News Digest: Healey told to 'rebalance' wealth taxes to ease state pension costs

News Digest: Healey told to 'rebalance' wealth taxes to ease state pension costs

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

Professional Pensions
clock 26 August 2026 • 1 min read
Industry agrees member voices are 'almost silent' in large DC and CDC schemes

Industry agrees member voices are 'almost silent' in large DC and CDC schemes

PP survey shows 67% back AMNT’s view that member voices are ‘almost silent’

Martin Richmond
clock 25 August 2026 • 2 min read
Trustpilot