A third of us are facing pension poverty - what can you do?

About this episode

The episode discusses the issue of pension poverty in the UK and offers insights on how to improve retirement savings.

12.2m people are on track to face poverty in retirement, meaning you won’t have enough money to live the most basic standard of living once you stop working. In this episode of Which? Money, Scottish Widows’ head of pension policy Pete Glancy joins us to talk us through his research that explains why so many UK adults aren’t saving enough to live comfortably in later life. Pete shares his insight into what he thinks needs to change to help more of us save more money into our workplace pensions, and explains how the reestablishment of the Pension Commission may lead to policy changes that benefit employees. Plus, Which? Money’s pensions and retirement expert Holly Lanyon tells us about some more stark research from the Living Wage Foundation, and shares some advice on what we can do to maximise our pension pots. Read more advice on how to boost your pension pots on our website & sign up for our free weekly Money newsletter Get in touch with us via email - podcasts@which.co.uk Podcast listeners can get 50% off an annual Which? membership Become a Which? Money member to access 1-to-1 guidance and receive the Money magazine

People in this episode

Host: Which?

Guest: Pete Glancy

Topics covered

• pension poverty
• retirement savings
• workplace pensions
• financial advice
• policy changes

Keywords

• pension poverty
• retirement
• savings
• financial advice
• policy changes

Mentioned in this episode

Organizations: Scottish Widows, Living Wage Foundation

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