Two leading figures from the world of pensions will be among the guest speakers at a major industry event in London tomorrow.
The Tax Incentivised Savings Association conference will examine issues involved in creating a low savings ratio in the UK and look at key changes that are affecting consumers' long term financial well-being.
Charlotte Clark, head of pensions and savings at HM Treasury, will give a talk entitled 'savings and debt in the UK - a Treasury perspective'.
Michelle Cracknell, chief executive at The Pensions Advisory Service, will discuss pension liberation.
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Dee Wastnedge, events coordinator at TISA, said older generations have benefited from affordable housing and a generous state pension to help them create comfortable retirement incomes but those aged 40 and under face a contrasting experience.
She said: "It is critical for these generations to acknowledge that greater responsibility for financial security now rests with themselves.
"A combination of increasing housing costs, high standards of living, often financed by credit, less generous state and employer pensions and a lack of providing for their own long term future creates real risks that these consumers face working longer, having low levels of retirement income and personal hardship later in life. "TISA believes that it is imperative that these generations take a more proactive role in taking actions that will result in greater financial security."
Other speakers at the event, hosted by BlackRock in Throgmorton Avenue, London, include:

· Mark Fiander, innovation and strategy director of the Money Advice Service
· Mick McAteer, director of The Financial Inclusion Service
· Tony Stenning, managing director of UK Retail at BlackRock
· Andrew Baddeley-Chappell from Nationwide