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Fixing retirement plans in the U.S.? Look to U.K for ideas, report says

How the British government is dealing with its citizens' retirement savings shortfall could provide some ideas for U.S. policymakers dealing with our retirement crisis.

By Marlene Y. Satter | Updated on December 05, 2016
Retirement policymakers in the U.S. would do well to examine the U.K.'s recent retirement savings reforms. (Photo: AP)

Maybe the U.S. should copy what the U.K. is doing with regard to retirement plans.

That’s according to a new brief from the National Institute on Retirement Security, which examined changes that the U.K. made to address its own retirement crisis—a “daunting retirement shortfall” that the British government sought to counter by requiring all employers to automatically enroll their employees in a retirement savings account.

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