Our pensions system is a ticking time bomb that could detonate within a generation. The Pension Commission will try and defuse it, writes Alastair King

Across the United Kingdom today, 15m people – one in four – are not saving enough for their retirement. Almost half of working-age adults are not putting a single penny into a private pension, with low earners, the self-employed, women and people in some ethnic groups less likely to be pension saving.

Retirement should be a time for relaxation and fulfilment, but, without the foundation of financial stability, for too many, it could be a prolonged period of stress and anxiety. The implications for the state could be huge.

Our pensions system is a ticking time bomb that could detonate within a generation. Announced by the Department for Work and Pensions (DWP) last week, the relaunched Pension Commission is an attempt to defuse it.

How the Pension Commission can change things

The Commission – which first reported nearly 20 years ago, and led to the........

© City A.M.