ILC: 'The UK pension system is sustainable but inadequate'

Kim Kaveh
clock • 2 min read

Some 18% of earnings need to be saved each year to achieve an adequate income, an International Longevity Centre (ILC) report has concluded.

This contribution level, which is nine times higher than current auto-enrolment rates, would help savers obtain an income of 70% of their pre-retirement earnings, it said. The results also showe...

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Kim Kaveh
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Kim Kaveh

Professional Pensions journalist from 2017-2020

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