Reports shine light on pension inadequacy

ILC finds third of Gen X face retirement hardship; LCP says younger members may need to up risk

Jonathan Stapleton
clock • 4 min read
LCP partner Dan Mikulskis

LCP partner Dan Mikulskis

Nearly one in three Generation X members – those born between 1965 and 1980 – face financial hardship in retirement due to having inadequate pension savings, and run the risk of only achieving a minimum or lower than minimum standard of living in retirement as a result, research from the International Longevity Centre shows.

The think tank's report - Slipping Between the Cracks, produced in association with Standard Life, part of Phoenix Group - also found the majority of this group did not have any additional income from...

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