Are you saving enough for a comfortable retirement?
This is Money Podcast
This is Money
4.4 • 732 Ratings
🗓️ 22 May 2026
⏱️ 50 minutes
🧾️ Download transcript
Summary
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | Welcome to This Is Money podcast, sponsored by Trading 212. Download the Trading 212 app and open a cashizer with promo code TIM to get the 12-month bonus promo rate of 4.62%. Terms apply. I'm Georgie Frost and joining me and Simon Labbert today is Helen Crane. And coming up, |
| 0:21.3 | the scale of Britain's pension saving shortfall has been laid bare in a major new government |
| 0:26.1 | report. Are you saving enough for a comfortable future? Also state why lifestyle pension funds |
| 0:32.0 | could be leaving millions worse off at retirement. We explore mansion taxes and wealth taxes, nationwide fair share, |
| 0:39.3 | a winning formula, and should we cap food prices? Don't forget, you step today with all the |
| 0:44.3 | latest breaking money news, just go to this ismoney.com.ukuk or download the app. But first, |
| 0:50.3 | a major new government back review into whether the pension system is fit for the future |
| 0:54.7 | has found millions of people risk financial hardship in retirement. |
| 0:58.9 | The first half of the report that's come out this week outlines the scale of the problem, |
| 1:03.4 | the recommendations will come next year. |
| 1:06.1 | Now, it found roughly half of working age adults aren't saving into a pension at all, |
| 1:10.4 | and among those who are, many are only saving at very low levels. |
| 1:15.0 | Who is most at risk? |
| 1:16.5 | Low and mid-learners, the self-employed and women. |
| 1:19.9 | So goodness me, I am totally stuffed. |
| 1:23.4 | Simon, tell me about the pensions commission. |
| 1:28.0 | Well, the entire report wasn't just about Georgie Bingo |
| 1:31.7 | and the fact that you've managed to hit all of them, |
| 1:35.7 | but the nub of this is that we've got two things going on with pensions. |
| 1:41.7 | Well, three things going on with pensions. |
| 1:43.6 | Firstly, if you're a public |
| 1:45.5 | sector worker and you still benefit from a defined benefit pension scheme, which is one that |
... |
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