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Andy Tarrant, Head of Policy, The People’s Pension commented on the FCA Financial Lives survey |
“The FCA’s findings are a stark reminder of how heavily people across the UK rely on the State Pension - the lowest state pension of any developed country. This is far from enough for the vast majority of people to live comfortably in retirement and reinforces the value of auto-enrolment as a vital addition to people’s state pensions.
“Employers, the pensions industry and the government have a responsibility to ensure people understand the benefit of their workplace pension, by using methods such as the communications toolkit we provide to help employers talk pensions with their employees at every stage of their retirement savings journey.” |
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