PLSA Retirement Living Standards update reveals 20% cost of living increase

Rising prices add almost 20% to minimum cost of retirement

Jasmine Urquhart
clock • 6 min read
The cost of retirement has risen by almost 20% in the last year
Image:

The cost of retirement has risen by almost 20% in the last year

The cost of retirement has risen by almost 20% in the last year, the Pensions and Lifetime Savings Association (PLSA) says.

The trade body said its latest inflation update of its Retirement Living Standards (RLS), released today (12 January) said high inflation has meant retirees aiming to achieve a basic standard of li...

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

Clwyd Pension Fund reappoints Aon as adviser

Clwyd Pension Fund reappoints Aon as adviser

LGPS fund retains services of Aon to provide consultancy services on a range of topics

Martin Richmond
clock 18 February 2025 • 1 min read
Buzz: Are you confident about working collaboratively with TPR?

Buzz: Are you confident about working collaboratively with TPR?

TPR collaboration, sole trustee market, Virgin Media ruling and artificial intelligence

Professional Pensions
clock 18 February 2025 • 1 min read
2025 will be a year of 'decisive' action, TPR says

2025 will be a year of 'decisive' action, TPR says

CEO Nausicaa Delfas says regulator will further implement its vision of more prudential style of regulation

Martin Richmond
clock 17 February 2025 • 3 min read
Trustpilot