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Business leaders need to be "re-engaged" with pensions to increase uptake, according to Geoff Buck from Killik and Co.
Some 14.7m people are unsure when they will be able to retire, according to Barings Asset Management.
Aegon has found that the pension 'timebomb' has almost run out as consumers remain unprepared for retirement.
There will be a second reading of the Pensions Bill in Parliament this afternoon (17 June).
The average annual income needed for a comfortable retirement is £25,783, according to Towry.
Women are falling behind men in retirement savings by almost £30,000, according to Scottish Widows.

The National Employment Savings Trust (NEST) has unveiled its national campaign to raise awareness of auto-enrolment.

The Office for National Statistics has revealed that 1.4m people are working past their pension age, double the figure of 20 years ago.

UK employees are still expecting to fully retire at 66 and spend 16 years in retirement despite financial worries, according to Aegon.

Prudential's Class of 2012 research has highlighted a lack of long-term planning when it comes to coping with ill-health in retirement, says Prudential.

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