The Commission has submitted its response to the Work and Pensions Select Committee’s inquiry into ‘Protecting Pension Savers: Saving for Later Life’. The Commission exposes, for the first time, the wide disparities in the financial position different groups of people will find themselves in when they reach retirement. Most people expect the same – positive - outcome from very different inputs. Many will be disappointed. At the crux of the issue: many peoples’ expectations of their post-retirement lifestyle are rising, while their likely outcomes are falling.