Image:
Stephen Timms. Source: https://members.parliament.uk (CC BY 3.0)
More than 60% of people are at risk of missing out on an adequate standard of living in retirement, despite the introduction of auto-enrolment (AE), and the government must start building a consensus on a contribution rate rise now, a report from the Work and Pensions Committee says.
The document - the final report of a three-part inquiry on Protecting Pension Savers - found that people over 40 who have had limited time to build up their pension pot through AE were particularly...
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