UK. Can CDC solve the retirement income challenge?
Retirement in the UK is starting to feel out of reach for many workers. Not because people do not understand the importance of pensions, nor because they are unwilling to save, but because once the bills are paid, there is little left. The Pensions Commission’s figures tell the story. Around 15 million people are estimated to be under saving for retirement, while projections suggest millions could face pensioner poverty by 2040 if current trends continue. Only around 4 per cent...
