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23% Can Afford £32k Retirement; Govt Revives Pension Commission

6/3/2026

50 11 Full Breakdown

Summary

Story summary

Pensions UK reports a moderate retirement costs £32,700 for a single person and £45,400 for a couple.
Only 23% of workers are on track to afford a moderate retirement.
Just 9% are projected to achieve a comfortable income of £45,400 for one person or £62,700 for a couple.
The government is reviving the Turner Pension Commission, which warned future retirees could be £800 or 8% poorer each year.

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Story summary

Pensions UK reports a moderate retirement costs £32,700 for a single person and £45,400 for a couple.
Only 23% of workers are on track to afford a moderate retirement.
Just 9% are projected to achieve a comfortable income of £45,400 for one person or £62,700 for a couple.
The government is reviving the Turner Pension Commission, which warned future retirees could be £800 or 8% poorer each year.