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PLSA urges pensions industry to adopt new Retirement Living Standards

  • New UK Retirement Living Standards published to help people picture their future retirement and what that might cost

  • Pitched at three levels – minimum, moderate and comfortable – based on a basket of goods and services, from food and drink to holidays

  • The Standards can be briefly summarised as 10k-20k-30k for individuals and 15k-30k-45k for couples

  • Target for schemes representing 90% of active savers to adopt the new Standards by 2025

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