The UK Savings Crisis

21 September 2018

Despite government policies designed to encourage saving and reduce reliance on state benefits, the UK is still failing to prepare for the future.

Whilst the workplace can help deliver better later life outcomes, there remains too much focus on pensions instead of lifelong savings, and pensions alone will not resolve the UK’s overall savings problem. This is not because pensions are not suitable savings vehicles, but their long-term objective lacks the flexibility that people need throughout their lives.

In our paper Getting to know you published on this page, and the accompanying series of articles also available below, we look at how saving has already changed in the UK and identify some of the challenges yet to be addressed.

There is no one size fits all solution but, whilst saving for later life and retirement is now a considerably greater challenge, it does not have to be an insurmountable one.

For further information, please contact John Wilson on 0131 456 6850 or at