Government brings back Pensions Commission to tackle retirement 'crisis'

Retirees' income is ‘set to fall’

The government has “revived” the Pensions Commission in a bid to tackle the retirement “crisis”.

The government said the commission will look at why tomorrow's pensioners are on track to be poorer than today's and make recommendations for change. This builds on the 2006 commission, which found a consensus for the launch of auto-enrolment (AE), an initiative which led to millions more employees saving into a pension. However, the Department for Work and Pensions (DWP) revealed its analysis showed incomes of retirees was "set to fall" over the next few decades if nothing changes. 17 pension providers target 10% allocation to private markets in Mansion House Accord Its researc...