Ruston Smith says it is time to move to a lifetime savings model

PMI chair discusses initiative to overcome three key pinch points for retirement savers

clock • 4 min read
Pensions Management Institute chair Ruston Smith
Image:

Pensions Management Institute chair Ruston Smith

Auto-enrolment (AE) has been really successful with over 11 million more people saving for retirement since 2012 - one of the biggest and most successful strategic changes in pension policy.

However, we know people aren't saving enough and, for many, affordability is a real challenge. The cost of living crisis has meant that people's savings have reduced and, over half of UK adults ...

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

Smart Pension launches simulator to assist members with 'pension puzzle'

Smart Pension launches simulator to assist members with 'pension puzzle'

Integrated retirement savings calculator expected to be ‘hugely positive’ for firm’s members

Holly Roach
clock 20 November 2024 • 1 min read
DWP's CDC consultation a 'significant milestone' for UK pension schemes

DWP's CDC consultation a 'significant milestone' for UK pension schemes

The industry has responded to the DWP’s consultation on CDC extension

Holly Roach
clock 20 November 2024 • 5 min read
Fidelity to integrate private assets into default investment strategy via LTAF

Fidelity to integrate private assets into default investment strategy via LTAF

Firm’s Diversified Private Assets LTAF received regulatory approval in August

Holly Roach
clock 20 November 2024 • 2 min read
Trustpilot