Recommendation 8

People in generation X and older without access Defined Benefit pension saving will have had limited time to build up pension savings through auto-enrolment and are therefore at risk of not hitting their retirement adequacy targets. We recommend the Government should consult on a plan to address this challenge and report back to us by March 2023. According to the Office for National Statistics, almost a third of working age people do not expect to have any pension provision beyond the State Pension when they retire. We recommend the Government should consult on a plan to address this challenge and report back to us by March 2023. According to the Office for National Statistics, almost a third of working age people do not expect to have any pension provision beyond the State Pension when they retire. Given the importance of the State Pension to the retirement income of many people, we 56 Protecting pension savers – five years on from the pension freedomss Saving for later life recommend the Government should expressly commit to the continuation of the triple lock. (Paragraph 59) Self-employed people