Savers fear insufficient levels of income in retirement

Cost of living crisis and pandemic causing long-term saving concerns

Martin Richmond
clock • 2 min read
Nigel Peaple: "Now is the time for the government to commit to levelling up pensions"
Image:

Nigel Peaple: "Now is the time for the government to commit to levelling up pensions"

Around a quarter of savers believe that with their current pension savings, they will lack sufficient levels of income in retirement, according to a new survey.

The survey, conducted by the Pensions and Lifetime Savings Association (PLSA), found that out of the 2,093 adults surveyed, 26% of those who hold a workplace pension felt that their current level o...

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 Industry

AJ Bell CEO cautions chancellor over proposed pension IHT changes

AJ Bell CEO cautions chancellor over proposed pension IHT changes

Michael Summersgill says proposals risk 'fundamentally undermining' UK pensions system

Linus Uhlig
clock 25 November 2024 • 3 min read
PMI launches special interest group for trustees

PMI launches special interest group for trustees

Group will provide trustees a forum to ‘interact and provide mutual support’

Jasmine Urquhart
clock 25 November 2024 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DC consolidation concern, TPO order for trustee director, CDC consultation responses

Professional Pensions
clock 22 November 2024 • 1 min read
Trustpilot