Pension system 'outdated' and 'unsuitable', warns PPI

Financial strain from the Covid-19 pandemic has seen one in ten savers reduce their pension contributions

Hope William-Smith
clock • 1 min read

The pensions industry is unsuitable for savers and does not reflect society’s changing needs or do enough to curb gender and racial disparities, the Pensions Policy Institute (PPI) says.

 Findings today in the PPI's The Future Life Report show that 38% of UK adults - around 20 million people -  have seen their financial situation worsen since early 2020. One in ten adults reduce...

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