Ministers to revive Blair-era Pensions Commission to tackle savings crisis

Four in 10, or nearly 15 million people, are not saving enough for their retirement, according to DWP analysis. Photograph: Rafe Swan/Getty Images/Image Source

The government is resurrecting the Pensions Commission, amid fears that a retirement crisis could mean today’s workers will be poorer in retirement than the current crop of pensioners.

The move by ministers to revive the landmark commission, established by Tony Blair’s government in 2002, comes as analysis shows that the income of pensioners is set to fall in the coming decades.