The Underpensioned Index 2022

Our latest report with the Pension Policy Institute reveals that the pension wealth gap has worsened since our last report in 2020. Over 8.6 million people from ‘under-pensioned’ groups are now missing out on workplace pension savings, with some receiving a private income that is around 64 per cent lower than the UK average. What’s more, some groups are showing further decline.

We are proposing two key policy changes that will help to increase pension wealth for these groups by an average of 30-52%.