Pensions - Articles - Old Mutual comment on Centre for Policy Studies report


 Old Mutual Wealth's Jon Greer, comments on the CPS report which casts doubt on the Government's ability to pay state pension benefits in the future.

 New research shows that on average the state pension currently accounts for a third of all income Britons have in retirement, suggesting that today’s report about state pension funding potentially being at risk is a huge concern. The research was carried out by investment business Old Mutual Wealth amongst 1,500 50 -75 year olds.

 Jon Greer, Pensions Specialist at Old Mutual Wealth comments:

 “Although the state pension is not enough to survive on alone, it does account, on average, for a third of the income people in Britain currently have in retirement. This does not look set to change, with 86% of people approaching retirement (aged 50+) expecting the state pension to form part of their retirement income. Today’s report will be a worry for those people and highlights the need more than ever for people to take control and ensure they are saving enough themselves to fund their retirement years.”

Back to Index


Similar News to this Story

Misuse of scam warning flags unnecessarily delays transfers
Thousands of pension transfers are being held up unnecessarily by providers who are raising flags for transfers that have no real scam risks, accordin
Gen X signals a shift in work life priorities
Twice as many UK workers want a sabbatical than have taken one – with Gen X (44-59) showing the biggest gap between desire and reality. Health and we
Trustees play key role in pension scams crackdown
Trustees play key role in pension scams crackdown as £48,000 lost every day to fraud and lump sum withdrawals rise 60%

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.