11.9m people in the UK not saving enough for retirement

08 August 2014

According to new research published today by the Department for Work and Pensions (DWP), almost 12 million people are not saving enough for retirement, but most could secure a financially comfortable retirement by making only modest changes to their saving habits.

The research includes modelling for how different increases could have an impact on the number of people heading for inadequate retirement incomes. Advice from DWP is that those who may not be saving enough should act now to rectify the position.