PMI: Change is needed now if adequacy outcomes are to be improved for future generations of retirees

Over the last decade the pensions landscape has gone through a great deal of change, with the introduction of Automatic Enrolment, Pension Freedoms and the continued shift from defined benefit (DB) to defined contribution (DC) provision in the private sector. However, the nature of pension saving is inherently long-term and, as a result, policies aimed at increasing pension saving take time to embed and impact later life outcomes.