Pension Saving Must Begin Young

Future Proof: In the first of a new series that examines how to effectively save for retirement we consider whether the 'opt-out' option should be removed from pensions

Emma Wall 22 January, 2014 | 4:49PM

Thousands of workers will be auto-enrolled into pension schemes over the next three months as part of a Government plan to plug the retirement savings gap. 

But a new report from think tank Policy Exchange finds that despite auto-enrolment 11 million people are at risk from pension poverty - and claims that the Government must go further to encourage people to prepare for retirement. 

Auto-enrolment was launched to boost the number of Britons saving into a pension and ensure they have enough cash in retirement to maintain a comfortable standard of living, as there are fears that in the future the state pension will not be sufficient.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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