21 July 2025
Sacker & Partners LLP (Sackers), the UK’s leading specialist law firm for pensions and retirement savings, are today responding to the very real possibility of “tomorrow’s pensioners being poorer than today’s”, the Government has today breathed new life into the “landmark Pensions Commission”.
Commenting on today’s announcement, Sackers senior partner David Saunders said: “Last seen in 2006, the Pensions Commission’s previous incarnation was instrumental in the evolution and ultimate rollout of automatic enrolment. But the analysis included in the Government’s announcement shows some startling results. The Government’s announcement reveals that pensioners are on track to receive £800 or 8% less from private pension income by 2050 than those retiring today and that, despite the success of auto-enrolment, 45% of working age adults are seemingly saving nothing at all into pensions.”
“Tackling adequacy was a major omission from the recent Pension Schemes Bill, with changes around value for money and member outcomes in danger of falling short of their target. Identifying and helping to tear down the barriers preventing people from saving in the first place is an equally urgent task. We welcome the revival of the Pensions Commission and call on it to be brave and bold in its recommendations.”
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