Pension saving should be compulsory - think tank

The Policy Exchange think tank has proposed a 'Help to Save' scheme to defuse the demographic time-bomb which will see 11 million people enter 'pensioner poverty' when they retire. Under the plans, the opt-out in the government's auto-enrolment scheme would be removed making it obligatory for people to save for their retirement Individual pension contributions would also increase as incomes rise over time. According to the report, someone earning the average wage - £27,000 - will need to save over six and a half times more than they currently do to generate the government's recomme...