A growing pensions crisis in the UK shows that one-third of under-60s may retire on less than £13,900 annually. The younger generation is at risk of retiring in poverty, with only 40% on track for auto-enrolment. Delays in processing old pension cases are increasing, highlighting systemic issues within the system. Labour is exploring revisions to the pensions triple lock to address these challenges. Retirement dividends' sustainability is tied to a critical number, indicating financial instability for many for many.
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