Generation Rent face 'ticking time bomb' in retirement

Greater proportion of people will need to work in later life to supplement retirement income

Jonathan Stapleton
clock • 4 min read
Renters with DC only savings, or no pension savings at all, face a ticking time bomb.
Image:

Renters with DC only savings, or no pension savings at all, face a ticking time bomb.

The so-called “Generation Rent” are facing a ticking time bomb in later life, latest analysis by the International Longevity Centre (ILC) finds.

The report – The future of ageing in an uncertain world, commissioned by Brightwell – found that, faced with unaffordable rents and inadequate pensions in later life, older people could be squeezed...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

PLSA 24: How government might approach Budget pensions tax relief reform

PLSA 24: How government might approach Budget pensions tax relief reform

Reform will need to raise ‘worthwhile’ sums of money ‘sooner rather than later’

Jonathan Stapleton
clock 17 October 2024 • 5 min read
Pensions minister calls on schemes to work in partnership to 'intensify efforts' on reform

Pensions minister calls on schemes to work in partnership to 'intensify efforts' on reform

Minister sets out two key objectives – to boost UK investment and improve saver returns

Jonathan Stapleton
clock 15 October 2024 • 2 min read
Lifetime allowance abolition errors corrected by regulations

Lifetime allowance abolition errors corrected by regulations

Regulations laid before parliament to fix LTA errors

Jenna Brown
clock 08 October 2024 • 2 min read
Trustpilot