At least 15m Britons not saving enough to retire, Pensions Commission says
An interim report from the Pensions Commission reveals that at least 15 million Britons are not saving enough for retirement. The report highlights significant disparities in retirement savings between men and women, with women having half the pension wealth of men. The commission warns that without intervention, this number could rise to 19 million, leading to increased reliance on state support in retirement.
- ▪The Pensions Commission reports that 15 million people in Britain are inadequately saving for retirement.
- ▪Approximately 45% of working-age adults are not contributing to a pension, with low and middle earners most at risk.
- ▪Women approaching retirement have an average pension wealth of £81,000, compared to £156,000 for men.
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An interim report from the Pensions Commission also exposed a chasm in retirement savings between men and women. Photograph: mundissima/AlamyView image in fullscreenAn interim report from the Pensions Commission also exposed a chasm in retirement savings between men and women. Photograph: mundissima/AlamyPensionsAt least 15m Britons not saving enough to retire, Pensions Commission saysJust 4% of self-employed workers are putting cash into pensions, with ‘large groups across the UK facing a severe cliff-edge’Richard Partington Senior economics correspondentTue 19 May 2026 03.00 EDTSharePrefer the Guardian on GoogleMillions of people across Britain are facing a “cliff edge” when they retire due to a chronic shortfall in saving that will require a radical shake-up of the pensions system to…
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