A woman these days can expect to live to 80, a man to nearly 76, but the promise of a good pension has never looked so uncertain.
Since the start of the Welfare State in 1948 we have expected to be looked after from the cradle to the grave. However 1 in 5 retired women now live in poverty. And the future for retired people looks even bleaker. With the numbers of pensioners set to rise dramatically who will pay for the next generation to have a decent standard of living in retirement?
The pensions crisis poses a major dilemma for the government. So what should we do about it? Jenni talks to Ros Altmann, an independent pensions consultant, and Michelle Mitchell of Age Concern.
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