Workplace Pensions
The question
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact of the transition from defined benefit to defined contribution pension schemes on retirement outcomes for Generation X.
Answered by Torsten Bell
The Department carries out and publishes analysis of projected future retirement incomes, which provides estimates of the number and proportion of working age individuals under saving for their retirement against different measures of adequacy. This analysis is broken down by different characteristics such as decade of retirement and pension provision which can be found on GOV.UK: Analysis of Future Pension Incomes 2025 - GOV.UK.
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