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Michelle Mitchell, Charity Director of Age UK |
This is the biggest change in private pensions for a generation and the research shows the challenges ahead to help people plan for retirement." "At last there will be a scheme that means the vast majority of employees will have the right to join a private pension scheme with a contribution from their employer, giving them a better chance of securing a decent retirement income. "The government needs to invest in providing good quality advice about pensions and savings, to help people make informed choices on saving for retirement and take advantage of the new rights ahead of them."
"Pensions are often the furthest thing from our mind in our 20s but the sooner we all start to plan for retirement the better. Too many people have been devastated when they retire as the gap between expectations and the reality of what they will actually be receiving becomes a shocking reality. |
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