Couples who want comfortable retirement lifestyle will need an annual income of more than £54,000 The cost of a minimum lifestyle is now £19,900 for a two-person household. Daily Record · Jan 12, 2023
20% increase in income needed for minimum living standards in retirement Cost of just a basic lifestyle has risen from £10,900 in 2021 to £12,800 in 2022 with rising food and fuel prices behind the increase Wales Online · Jan 12, 2023
Jump of nearly 20% in amounts needed for minimum living standards in retirement Rising food and fuel prices have contributed significantly to the increase in the amounts retirees need for a minimum standard of living. The Independent UK · Jan 12, 2023
Bank of England should extend emergency action, says pensions industry body Some pension funds want bond-buying scheme to continue beyond October The Independent UK · Oct 11, 2022
Bank of England may need to extend emergency action, says pensions association The Bank has been stepping in after turmoil following the mini-Budget left some pension funds close to collapse The Independent UK · Oct 11, 2022
Momentum of the early years of workplace pensions drive ‘needs to be regained’ Automatic enrolment into workplace pensions started in October 2012. The Independent UK · Sep 30, 2022
Seven simple pension mistakes people saving for retirement should watch out for A single person needs £10,900 a year for just a ‘minimum’ standard of living when they retire. Daily Record · Sep 6, 2022
People relying on State Pension income will be £1,300 short of ‘minimum’ standard of living for retirement years A single person needs £10,900 a year for just a ‘minimum’ standard of living when they retire. Daily Record · Aug 15, 2022
New type of pension scheme launches in Britain Collective defined contribution pension schemes offer a ‘middle ground’ option between existing schemes. The Independent UK · Jul 31, 2022
New pension savings campaign aims to help millions of people build bigger money pots Fifteen providers and schemes representing around 41.5 million savers have already pledged their support. Daily Record · Apr 13, 2022
Pension schemes assessing portfolios in response to Ukraine crisis Schemes are taking action to comply with UK sanctions and considering whether to enact any exclusion policies, industry body the PLSA said. The Independent UK · Mar 1, 2022