People must save more - the UK economy depends on it - Telegraph Compared with today, the number of people over 65 will be half as many again in 2030, and will have doubled by 2060. And today, 13.5m people are not saving in any form of pension. The implications for society, for taxpayers and for the economy are huge. If we do not save more for our retirements, the burden will fall on the state, adding to businesses" future tax burden and limiting our ability to compete in the long term. There are three possible ways to deal with this challenge: get people to save more, extend working lives, or reduce pension benefits. The last one is an unpalatable option, so the solution must come from a mix of the first two. Lord Turner's Pensions Commission recognised this when it first reported eight years ago this month. Its main recommendation was to harness employees" inertia by automatically signing them up for pension saving, with a minimum contribution of 5pc of some of their earnings, topped up by a 3pc contribution from their employer. So Monday marks a new dawn for pension saving as auto-enrolment finally starts to be phased in. Over the next six years, every employer will have a legal duty to automatically enrol certain workers into a qualifying workplace pension scheme and make contributions towards it. Phasing in - which business fought long and hard for - will ensure it remains affordable for people and companies in tough times. With the number of pension savers dwindling since the 50s, auto-enrolment is the right way to reverse the tide and start to rebuild a culture of saving. With the long term in mind, the business community - which currently contributes at least £36bn to employees" pensions every year - is committed to helping employees achieve a good income in retirement. And auto-enrolment will encourage savers to think long term about their finances to achieve this goal. For businesses, this is an opportunity to reassess reward packages and design the best solution with your employees. For savers who are new to pensions, this is a chance to take stock of personal finances and work out what kind of retirement you might want and how much money you will need to pay for it. But business is clear: to prevent long-term fiscal gloom we must raise savings levels and must work longer. Our future economic success depends on it. John Cridland is director-general of the CBI