Pensions group revived to raise saving for retirement

15 million people not putting away enough

- Katie Harris

A PENSIONS group will try to persuade more workers to save for retirement amid fears the next generation are failing to plan for their future.

The Pensions Commission, an independent body which last met in 2006, is being revived to look at the long term future of the pensions system.

Analysis by the Department for Work and Pensions shows people looking to stop working in 2050 are on course to get £800 per year less than current pensioners. And almost half of working-age adults are putting nothing into their pensions.