We need your input – what should Government do to support Gen X?
With support from Phoenix Group, ILC are currently exploring whether policy best supports the retirement income prospects of those aged between 40 and 55 (Gen X).
Please feed into our ideas by completing our survey. The deadline for this survey is Wednesday 9th September.
Gen X workers are expected to face difficulties in achieving adequate retirement incomes – some have started working too late to receive defined benefit pensions, but too early to benefit from auto-enrolment. On average, Gen Xers put £200 per month into their pension pots. COVID-19 has also harmed Gen X retirement prospects, with 18% of over 50s saying that the pandemic has impacted their plans.
For more information about the project and to express an interest in joining our Gen X panel, please email Patrick Swain.