September 2026

UK. Gen Z faces retirement poverty risk at auto-enrolment with only 4 in 10 on track

Four in 10 Gen Z workers are on track for retirement poverty if they remain at auto-enrolment contribution levels, according to research from Penfold. The research found that younger people want to retire earlier and achieve greater financial freedom, but retirement saving can struggle to compete with more immediate financial priorities, with high housing costs and wider economic uncertainty are adding to these pressures. Younger workers are also prioritising accessible and flexible savings options such as cash savings and ISAs. According to...