In the third of PA's new Millennial Money video series, where experts dissect the money issues that matter most to millennials and those who advise them, Steve Webb suggests it will be Generation X who face the biggest challenges in retirement.
The former pensions minister turned Royal London director of policy suggests it will be the generation born between baby-boomers and millennials who will struggle the most in retirement. Webb references a report by the Resolution Foundation that finds Generation X - who were born between the early 60s through to the late 70s - missed out on defined benefit (DB) pensions, and never properly got started on defined contribution (DC) schemes, benefitting only from small contributions when auto-enrolment (AE) kicked off. Millennial Money: Use tech as a 'fee-gap' for younger clients That...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes