Pension scheme reform could give households a savings safety net

Pension scheme reform could give households a savings safety net

Pension scheme reform could give households a savings safety net More than 11 million people lack a savings pot of at least £1,000, according to a think tank that has called for the auto-enrolment pension scheme to be overhauled to bolster households’ financial buffers. The Resolution Foundation said that one in three working age families, or about 11.2 million people, did not have “rainy day” savings of £1,000 to draw on in an emergency, meaning they were more likely to …