00:00Millions of workers could be heading towards a smaller retirement income than they expect, according to a new pensions report.
00:09Pensions UK says more than three quarters of people are not on course to save enough for what it describes
00:15as a moderate standard of living after they stop work.
00:19The organisation says rising costs, including food and social activities, have increased the income needed in retirement.
00:26While most workers are expected to reach a minimum standard, far fewer are likely to achieve higher levels of financial
00:34comfort.
00:35The report adds two growing calls for action to encourage stronger retirement saving amongst workers, employers and the government.
Comments