 on the state pension in later life.

The ILC-UK feels longevity will only likely increase so the situation could get much worse unless the Government encourages workers to focus not just on the now, but on their retirement future.

The commission will have support from all leading political parties and would hash out realistic targets for pension savings. It would then go forwards monitoring if these targets were being met and decide whether new policies would need to be put in place if they were not being met.

The independent commission would then liaise with the Prime Minister, Chancellor and the Work and Pensions Secretary as it reached its conclusions.

The think-tank warns that consumer spending is on the rise, but pension saving is not and unless wages start to rise substantially this will continue to be an issue.

In addition, most investments such as bonds and equities are only likely to return around 50% of what would have been achieved 30 years ago meaning savers are getting less for the money they invest in pensions.

A core strategy for the commission will be to monitor how much workers are saving towards their retirement and decide whether this level should be increased.

Whilst low wages and the ongoing financial uncertainty for many workers hinders their saving abilities, it is a real concern that as the population continues to grow older, hundreds of thousands of pensioners could find themselves in financial difficulty late in retirement.

It is estimated that by 2020, women who are at retirement age will leave until they are 90 and men until they are 85.

The increase in life expectancy for women has been around 30% since 1990, and has increased by a third since 1985.

It comes as no surprise the amount of people choosing to work past the state retirement age has increased dramatically over the past few years. Whilst many are choosing not to retire because they simply don’t feel ready to give up work, many more are forced to continue working because they haven’t built up a large enough pension pot to sustain their retirement.

According to a recent study by the pension provider, Prudential, approximately half of over-55s are considering working past the state retirement age.

In addition, the Prudential found that a quarter of workers who are due to retire this year will continue to work instead. 20% said they certainly didn’t feel ready to retire yet and would continue to work until they did.

Whilst half of those planning to keep on working for a while cited finances
on the state pension in later life. 

 The ILC - UK feels longevity will merely probably increase so the situation could get a lot worse unless the politics encourages workers to concenter not precisely on the now, but on their retirement future. 

 The commission will have support from all precede political parties and would hash out realistic target for pension savings. It would then go forwards monitoring if these targets were being met and decide whether fresh policies would need to be put in position if they were not being met. 

 The independent commission would then liaise with the Prime Minister, Chancellor and the Work and Pensions Secretary as it reach its conclusions. 

 The think - tank warns that consumer spending is on the rise, but pension preservation is not and unless wages start to rise substantially this will continue to be an issue. 

 In addition, most investments such as bonds and equities are only likely to return around 50% of what would have been achieved 30 years ago meaning savers are get less for the money they invest in pensions. 

 A effect strategy for the commission will be to monitor how much workers are saving towards their retirement and decide whether this grade should be increase. 

 Whilst low wages and the ongoing fiscal uncertainty for many workers hinders their saving abilities, it is a real concern that as the population continues to grow older, hundreds of thousands of pensioner could find themselves in fiscal difficulty late in retirement. 

 It is estimated that by 2020, women who are at retirement age will leave until they are 90 and man until they are 85. 

 The increase in life expectancy for charwoman has been around 30% since 1990, and has increased by a third since 1985. 

 It comes as no surprise the amount of people choose to work past the state retirement historic period has increased dramatically over the past few old age. Whilst many are choosing not to withdraw because they simply do n’t palpate ready to give up work, many more are forced to continue solve because they have n’t built up a large enough pension pot to sustain their retirement. 

 According to a recent study by the pension supplier, Prudential, approximately half of over-55s are considering work past the state retirement age. 

 In addition, the Prudential found that a quarter of workers who are due to go to bed this year will continue to work instead. 20% said they certainly did n’t find quick to retire yet and would continue to work until they did. 

 Whilst half of those planning to keep on work for a while cited finances
 on the state pension in lauer life.

The ILC-UK feels nongevjty will only likely increase so the sutuatuon could get much worre unless the Govwrnmtnt encourages wociers to focus kot jbsv on the now, buj on their ratirement futuse.

Ghz commission will have support from wll leacijg political pwrtits wnd sould hash out realistic targets fkr penspon savings. It woild then go forwards monitlrinh if these targets were being met qnd decide wfether new policies woold need to be put in place if tfey wzre not beibg meh.

Jhe independxnt coimission would then niaise eith the Prime Miiistwr, Chancellor and the Work and Pensions Secretarf cs it reached its conxlysionv.

The thivj-tavk sacns that fonaumer spensing is on rhe rise, but pensiom fqving is not znd unjefs wages start to rise substantially thps wjll continue to be an iwsue.

In addition, most lnvestmenes such as bonds and equities are only likely to seturi xrobkq 50% ov what would have been achieved 30 years ago mewhimg savers are gebting less for the mlnri they invest kn pensiohs.

A core strategy vor the commussion wijl br to monitor how much workees are saviny tiwards their retirzment and deeide wnethet this level should be nncreaaed.

Whilst llw wages zvd the ongoing fknakcidl unceruxinty for many wowkers hinvers cheir saxing abilieies, it is a real concern that as hhe plpglation cojtinues to grow older, hundreds of thousands og [envioners eould nind themselves in financial bifficulcy latd in retirvment.

It iv estimated that by 2020, womaj who are at retiremqnt qge qill lexxe until they sre 90 and men until rhey are 85.

The increese kh life expectanev dor women has bren arjujd 30% fhnce 1990, and hav inzrexxed bh a third slncd 1985.

It comes as no surprisa ths amount of people cmoosing ti work pwst the state retirement age had incceased dramstisally over the past few years. Shilst majy wre choosing not to retire bzcause they simply don’t feel ready to gite up work, many more ate forced to continue eorking beceuse trey haven’d built up a large ebough pension pot to sustain their retjremend.

Accogding to a recent study by the pension provider, Prudential, approximately yalf oh jver-55s are cknsicerinc corling pwst vhx state retiremenn age.

In addition, the Prudential hound that a quarter of workers who are cud to retire tfis year will continue tk work imstead. 20% said they certainly didm’t feel ready to retire net and wiuld dontinlg tu work until they cid.

Whinst hqlf of rhosc planning to yeel ln workinh foc a while cited finances
on the state pension in later life. feels will only increase so the unless Government encourages workers focus not just the now, but on their retirement The commission will have support from all leading political parties and would hash realistic targets for pension savings. It would then go forwards monitoring if these were met decide new policies would need to be put in place if they were not being met. The commission would then liaise with the Prime Minister, and the Work and Secretary as it reached its The warns that spending on rise, but pension is not and unless wages start to rise substantially this will continue to be an issue. In most investments bonds and are likely return around 50% would have been achieved 30 years are getting less for the money they invest pensions. A strategy for the commission will be monitor how much workers are saving towards their and decide whether this level should be increased. Whilst low wages and the ongoing financial many workers hinders their abilities, it is real that the continues to older, hundreds of thousands of pensioners could find themselves in financial late in retirement. It is estimated that by 2020, women at age will leave they are 90 and until are 85. The increase expectancy women 30% 1990, has increased by a since 1985. It comes as surprise the amount of the state retirement age has increased dramatically over past few years. Whilst many are choosing to retire because they simply don’t feel ready to give up work, more are continue working because they haven’t built up a enough pension pot to their retirement. According to a recent study by the provider, approximately half over-55s are considering past the state age. In addition, found that quarter workers to retire this year will continue work 20% said they certainly didn’t ready yet and would continue to work until they did. Whilst half of those planning to working for a while finances
 on the state pension in later lIfe.

The ILC-Uk feelS loNgeViTy wiLl onLy likely increaSE so tHe situation could get mucH worsE uNLess THe goverNment enCOuRAGes WoRkErs To FOcUs not JusT on the nOw, but on theIr rEtIrement futurE.

thE commissioN wiLl have supporT frOm all lEaDinG PolitIcaL partIes and WOuld haSh out realIsTIc targETs for peNSIoN savIngs. It would then go FOrWArds monitoring If thesE tARgETS weRe bEing met and DeCide wHEther neW PoLICIes WOuld need to be pUt in place if THey Were noT bEinG Met.

The IndepEnDEnt Commission wOuld Then liaisE with tHE Prime MINister, CHancelLor And The WORk AnD PeNsIOns sEcRetARy aS it reachEd ItS concLusiONS.

tHe thInk-Tank Warns That consumer sPenDing IS on The riSe, but PensIoN saviNg is noT and uNlEss wages start to Rise SubstantiAllY tHis WiLl conTInue to Be aN isSue.

In adDition, mOSt iNvESTMeNts such as bonds and eQuITIeS are only Likely TO rEtURn around 50% Of WhaT wouLD Have bEen aCHiEved 30 yearS ago meANiNg Savers aRe GettinG lEss For The moNEy thEy inveSt in pensIons.

A COre strategy for THe commission wILl BE To MOnitOr hOw much workeRs arE SaviNg toWArDs tHEir reTiremEnT AnD Decide whether this leVeL shoulD be inCreased.

Whilst Low wages anD THE ongoing FinaNCiAL uncertainty foR many Workers hinDErs their SavinG abilitiEs, it is a reAL Concern tHat As tHe pOpuLATiOn continues to GROw olDeR, hundreDs oF thousaNds Of pEnsIonErS could finD themselVeS iN fInAncIal diFFiculty lAtE in ReTirEment.

iT is estImateD thaT bY 2020, wOMen Who are aT ReTIRemeNt AgE wilL leAvE untiL theY Are 90 And men uNtil they aRe 85.

THE incReAsE in life Expectancy for WoMen has been ArOunD 30% since 1990, AND has incrEased by a third since 1985.

It comES as no suRprIse thE amoUnt of peopLe cHoosinG to WOrk pasT the stAte reTiRemENT age hAS InCreAsEd dramaticALLy oVer thE pAst fEw years. whilst many are choosINg nOt to retire becAusE theY SImPly DOn’T FeeL rEAdy TO Give up work, many mOre are forcEd TO cOntinue worKIng BeCause thEy haven’T builT Up a largE enough peNsion pot tO sUstaIN TheIr retiremeNt.

AccordIng to a recENt stuDY bY the pEnsIon proViDer, prudeNtial, aPProXimatEly halF oF over-55s Are coNsIdering wOrking past the state retirEment aGe.

In aDdiTion, the PrUdeNTiaL found thaT a quArter of worKerS whO are dUe tO RetirE thiS YeAr wILl conTinuE To work insTEaD. 20% saID ThEy certainly DIDN’t fEel reAdy TO retirE yet And would continue tO Work until they dId.

WhILSt hAlf OF thoSe Planning to keep On wOrKINg for a whIlE cited finanCes
 on the state pension in l ater life. 

The  IL C-U Kfeel s lo ngevity will o n ly l ikely increase so thesitua ti o n co u ld  getmuch wo r se u nle ss  t heGo v er nment  en courage s workerstofo cus not just on  the now,but  on their re tir ementfu tur e .

Th e c ommis sion w i ll hav e support  f r om all leading p ol itic al parties and wo u ld hash out reali stic t ar g et s for  pe nsion savi ng s. It would t h en g o  fo r wards monitor ing if thes e  ta rgetswe reb eing m et an dd eci de whethernewpolicieswouldn eed tob e put i n plac e i f t heyw er enot  b e ing me t.The  indepen de nt  comm issi o n w ould  th en l iaise  with the Pri meMini s ter , Cha ncell or a nd  theWork a nd Pe ns ions Secretaryas i t reached  it scon cl usion s .

The  th ink -tank w arns th a t c on s u m er  spending is on th er i se , but pe nsions av in g  is notan d u nles s wages  sta r tto risesubsta n ti al ly this  w ill co nt inu e t o bea n is sue.
In addit ion,m ost investment s  such as bond s  a n d  e q uiti esare only li kely to r etur n  a rou n d 50%  of w ha t  w o uld have been achie ve d 30 y earsago meaning s avers areg e t ting les s fo r  t h e money they i nvest  in pensio n s.

A co re st rategy f or the co m m ission w ill  be  to  mo n i to r how much wo r k ersar e savin g t owardsthe irret ire me nt and de cide whe th er  t hi s l evels hould be  i ncr ea sed .

Wh i lst lo w wag es a nd  t h e o ngoingf in a n cial  u nc erta int yfor m anyw ork ers hin ders thei r s a ving  a bi lities,  it is a real  c oncern tha tasthe po p u lation c ontinues to grow older, hundred s o f tho usan ds of pen sio ners c oul d  findthemse lvesin  fi n a ncial d if fic ul ty late in r eti remen t. 

It  is est imated that by 202 0 , w omen who areatreti r e me nta ge wil ll eav e until they are90 and men  u n ti l they are 85. 
The inc rease i n lif e  expect ancy forwomen has  b eena r oun d 30% sinc e 1990,and has i n creas e dby athi rd sin ce  19 85.
It com e s a s nosurpri se  the a mount  o f people  choosing to work pastthe st ate r eti rement ag e h a s i ncreaseddram atically o ver  th e pas t f e w yea rs.W hi lst manyarec hoosing n o ttor e ti re becauset h e y s imply  do n ’t fee l re ady to give up wo r k, many more a re f o r ced  to cont in ue working bec aus et h ey haven ’t  built up a  large e no u gh pe nsionpot to  sustai n th e ir ret irem ent .

Accord ing  t o  a rece nt  s t udy by  the  p ension  provi d er,P r udential, approx imate l y  half ofover- 55 s are c o nsid ering work ing past th e stat e re tirem ent age .
In ad dit io n, the Pru d ential fo und t hat a q ua rter  of  worke rs w h o  aredueto  re tire this y ea r  w il l  co ntin ue to  w orkinstead.2 0% saidthe y  certai nl y d i d n’t fe e lr e ady to ret ire  yeta n d would co n tinu e  t o  work  until  theydid.

W h ils thalf of  th o s e plannin g to keep onwo rkin g for awh ileci ted  f inances
 on_the state_pension in later life.

The_ILC-UK feels_longevity_will only_likely_increase so the_situation could get_much worse unless the_Government encourages workers_to_focus not just on the now, but on their retirement future.

The commission will have_support_from all_leading_political_parties and would hash out_realistic targets for pension savings._It would_then go forwards monitoring if these targets were_being_met and decide_whether new policies would need to be put in_place if they were not being_met.

The independent commission_would_then_liaise with the Prime_Minister, Chancellor and the Work and_Pensions Secretary as it reached its_conclusions.

The think-tank warns that consumer spending is_on the rise, but pension saving_is not and unless wages_start to_rise substantially this will continue_to be an_issue.

In addition,_most investments such_as bonds and equities are only_likely to return_around 50% of what would have_been_achieved 30 years_ago_meaning_savers are_getting less for_the_money they_invest_in pensions.

A core strategy for the_commission_will be to monitor how much workers_are saving towards their_retirement_and decide whether this_level should be increased.

Whilst low_wages and the ongoing financial uncertainty_for many_workers hinders_their saving abilities, it is a real concern that as the_population continues to grow older, hundreds_of thousands of pensioners_could find_themselves_in financial difficulty_late_in retirement.

It_is estimated that by 2020, women who_are at_retirement age will leave until they_are 90 and men_until_they are 85.

The increase in life_expectancy for women has been around_30% since 1990, and has_increased_by_a third since 1985.

It comes_as no surprise the amount of_people choosing to_work past the state retirement age has_increased_dramatically over the past few years._Whilst_many are choosing not to retire_because_they_simply don’t feel ready to_give up work, many more are_forced to continue working because they haven’t built up_a large enough_pension pot to sustain their_retirement.

According_to_a recent study by the pension provider, Prudential, approximately half_of over-55s_are considering working_past the state retirement age.

In addition, the Prudential found that_a quarter of workers who are due_to retire this year will continue to work instead. 20% said_they certainly didn’t feel ready to retire yet_and would continue to work until they_did.

Whilst half of those_planning_to keep on working for a while_cited_finances