PLSA reveals five-point plan to increase retirement income

PLSA said without reform, more than 50% of savers will fail to meet income targets

clock • 3 min read
PLSA reveals five-point plan to increase retirement income

 The Pensions and Lifetime Savings Association (PLSA) has called on the government to make five changes to increase savers’ pensions by £4,000, including reforming the state pension and increasing contributions.

The PLSA found that, based on modelling by the Pensions Policy Institute, without reform, more than 50% of savers will fail to meet the retirement income targets set by the 2005 Pensions Commission...

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