[gpt]Rewrite this article in 3-5 professional paragraphs with insights and context. Use
subheadings for each section. End with “Why it matters:” followed by one impactful sentence:
Minister issues warning at launch of commission to overhaul system of saving for retirement
Britain risks a “tsunami of pensioner poverty” over the coming decades unless the system of saving for retirement is overhauled, according to Liz Kendall.
At the launch of a major independent commission on the pensions system, the work and pensions secretary said growing numbers would struggle to make ends meet in old age.
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Source: Politics | The Guardian