Will Pension Freedoms and Auto-enrolment Provide for All in Retirement?

Millions of workers are now are contributing to retirement plans, and everyone can access those savings at retirement. But will these measures be enough to end pension poverty?

Emma Wall 20 January, 2016 | 12:02AM

Save more, younger; it’s not a new concept but it is the mantra which will keep us from poverty in retirement. And the onus is not entirely on the individual either, retirement experts have called for both government and the industry to step up.

“The government needs to make it easier for people to save for retirement,” said BlackRock’s head of retirement Tony Stenning. “There needs to be one person appointed to aid the journey – a pensions minister, an education minister, a minster for business; it is all too disjointed.”

Stenning was speaking at the Perils of Pensions debate hosted by Morningstar, joined on the panel by Nigel Aston, head of European defined contribution at State Street Global Advisors, who called for employers to up their ante.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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