Royal London predicts 'death of retirement'

Its latest report, the Death of Retirement, looks at how long people will have to work to achieve a "good quality of life in retirement" if they only contribute 8% of salary as required by the government's auto-enrolment scheme. Royal London director of policy Steve Webb said: "Getting millions more people saving through automatic enrolment is a huge step forward, but many face a cruel disappointment if they think that current minimum contribution levels will deliver them the sort of retirement they are looking for. "Without significant increases in contributions, we could be witnessi...