PICA warns of burgeoning pensioner underclass

Jenna Towler
clock

A boom in the pensioner population to 15 million will create a huge underclass unless changes are made to retirement options, an industry body says.

The Pensions Income Choice Association warned the number of over 65s is set to swell by 60% in the next 20 years to 15 million people. The body said hundreds of thousands of retirees could face ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Insight: European ABS - A compelling tool for DC default strategies

Partner Insight: European ABS - A compelling tool for DC default strategies

Asset-backed securities are often a misunderstood asset class, despite having many compelling characteristics including a potential return premium and a defensive capital structure. These, in our view, make them well-suited as a tool for inclusion in...

M&G Investments
clock 12 December 2024 • 3 min read
UPDATE: Reeves  to create LGPS and DC 'megafunds' in Mansion House growth bid

UPDATE: Reeves to create LGPS and DC 'megafunds' in Mansion House growth bid

Chancellor unveils ‘biggest pension reforms in decades’

Martin Richmond
clock 14 November 2024 • 4 min read
Partner Insight: Are private market investments a risky business for DC pension savers?

Partner Insight: Are private market investments a risky business for DC pension savers?

A 2024 survey carried out by Legal & General shows that DC contributors have a generally very positive attitude to private markets investing.

Rita Butler-Jones, Head of DC, Legal &General
clock 11 November 2024 • 7 min read
Trustpilot