Recent research by Price Waterhouse Coopers (PWC) throws light on the need to tackle the pensions savings shortfall. Ali Sturgeon shares their findings.

    • PWC research shows that six in 10 people are put off saving more into their pension because they don’t understand the system
    • PWC suggests that the pensions system needs to be simplified to strengthen the incentive to save
    • Without greater incentive to save, PWC analysis shows people could face a £4,000 per year shortfall between their pension savings and desired retirement income
    • Tax reform alone won’t tackle savings shortfall. Saver awareness, auto-enrolment contribution levels and financial education need to be part of any solution
    Read the full article on the PWC website here.
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