Uk's Retirement Crisis Means a Bigger Role for State 'Inevitable'

Summary


The Pensions Commission report on the country's growing retirement crisis was welcomed by industry and financial professionals for succeeding in spelling out the extent of the problem.

But inevitably, there were sharp differences of opinion over who was to blame and what should be done.

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Extract


Uk's Retirement Crisis Means a Bigger Role for State 'Inevitable'

The Commission, headed by former CBI director-general Adair Turner, painted a bleak picture of a future in which workers face a 30 per cent cut in pensions u...

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