Britain's Pension Timebomb: A System in Need of Radical Reform A recent report from the Pensions Commission paints a stark picture of the UK's retirement savings landscape, with 15 million people facing a "cliff edge" when they leave the workforce.
The figures are alarming but not surprising, given years of warnings from the commission that have gone unheeded.
The statistics are grim: nearly half of working age adults are not saving into a pension at all, despite almost half being in work.