Retirement savers need stability

Story link: Retirement savers need stability

Retirement savers are definitely not being shown enough respect from the banks or the Government.

The pensions industry needs to step up their game to ensure that savers are being offered the best deals.

Retirement savers need stability

Following the Department of Work and Pensions (DWP) research into the benefits of long-term saving, MetLife is urging the government and pensions industry to do more to tackle current levels of uncertainty among retirement savers.

The report from the DWP, Saving for Retirement: Implications of Pensions’ Reforms on Financial Incentives to Save for Retirement, shows that, given reasonable assumptions about the future, most people can expect to be better off in retirement by saving, with the majority getting back more than double the amount they save.