21 July 2025, 10:02

By Mike Ambery

The announcement of a new Pensions Commission today represents what could turn out to be on the of the most significant developments for people’s long-term savings in at least a decade.

There is a growing recognition that the majority of people are not on track for a healthy level of income in retirement. In 2012, the government introduced auto-enrolment, a process whereby private sector employees automatically start saving into a pension above a certain income level. This policy has been a huge success in terms of increasing the number of people saving and has gone some way to offsetting the decline of so-called final salary pensions in the private sector.

These arrangements........

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