Report launch: Slipping between the cracks? Retirement income prospects for Generation X
Date: Tuesday 2 March 2021
Time: 2.00pm – 3.30pm GMT
On Tuesday 2 March, we launched our report on the retirement income prospects of Generation X.
- Jonathan Reynolds MP
- Simoney Kyriakou, Senior editor, FT Adviser
- Andy Curran, UK CEO for Savings and Retirement, Phoenix Group
- Chris Curry, Director, Pensions Policy Institute (PPI)
With many ‘Gen Xers’ (those born between 1965 and 1980) having entered the job market too late to benefit from final salary pensions, yet too early to benefit from schemes such as auto-enrolment, this group is expected to face significant challenges in retirement, if policymakers fail to respond urgently.
There are currently 13 million Gen Xers in the UK – 1 in 5 of the total population. On average, people in this group save just £200 into their pension pots each month and 33% of Generation X are at high risk of retiring with insufficient incomes. With the ongoing COVID-19 pandemic putting additional strain on finances, the case for policy action becomes urgent.
In this webinar, we shared new findings on the retirement income prospects of Generation X and discussed how policy can respond to support this generation set to retire over the next 10 to 25 years.
You can find the slides and a recording of the webinar below.