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The Independent UK
The Independent UK
Business
Karl Matchett

How much you need in your pension to retire — and four things to help you reach that amount

Pensions are back in the spotlight after the government announced new measures to tackle the growing issue of people failing to have enough money when they retire.

Liz Kendall, the work and pensions secretary, said on Monday that almost half of the working age population “isn’t saving anything for their retirement at all”. She has revived the pensions commission, which last met in 2006, in a bid to determine how best to help workers after experts warned that people looking to retire in 2050 are on course to receive £800 per year less than current pensioners.

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