The average worker saving into a defined contribution pension will be £10,000 a year worse off in retirement than those saving at the same rate in 2000, Alexander Forbes says.
To counter low gilt yields, high annuity prices and under-performing investments, savers need to more than triple their pension contributions, according to its figures. The firm's first 'Nationa...
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