More than 12m face ‘pension poverty’ in Britain — and it could get worse

Reeves has been criticised for plans to limit pension salary sacrifice limits - (Getty Images)

A third of people face pension poverty and that could get worse if fuel inflation runs high and savers are forced to put less away for retirement, an influential industry report warns today,

Scottish Widows’ latest Retirement Report finds 31 per cent of adults – 12.2m people – face pension poverty using measures that compare likely retirement incomes against expenses.