Steve Webb says long-term plan is needed as experts warn 8% of earnings is not enough for decent retirement incomeA former minister says the UK government needs to “think big” about retirement saving amid growing calls for minimum pension contributions to be increased.Under the auto-enrolment regime, an employee and their employer must pay into a pension and the government has set mandatory minimum contribution levels. But experts argue that for most people, the current figures are not enough to fund a decent retirement income. Continue reading...
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