As the Pensions Commission considers how to increase the nation’s retirement savings, Pensions UK’s updated Retirement Living Standards (RLS) underline that many people are not saving enough.
The latest update of the PLSA’s Retirement Living Standards (RLS) shows a decrease in the cost of the Minimum retirement lifestyle, down to £21,600 per year for a two-person household, due to the impact of lower energy prices and changes in the public’s expectations for this standard.
The latest update to the PLSA Retirement Living Standards (RLS) reveal a shift in the cost of retirement living driven by changes in the UK public's expectations and increases to the cost-of-living.
Retirees trying to achieve a basic standard of living will have seen their expenditure increase over the last year by almost 20% due to high inflation, highlighting the need for pension reform to help more people achieve an adequate income in retirement.
The winner of the Pensions and Lifetime Savings Association’s (PLSA) second Retirement Living Standards Awards has been named at this year’s Annual Conference.
The Pensions and Lifetime Savings Association (PLSA) is calling for nominations for the second year of its Retirement Living Standards Awards to recognise excellence in adopting the Retirement Living Standards as part of member communications.
The three winners of the Pensions and Lifetime Savings Association’s (PLSA) first Retirement Living Standards Awards have been named at this year’s Annual Conference.
More money for eating out, a higher personal grooming budget and the inclusion of a Netflix subscription are among the changes to the Pensions and Lifetime Savings Association’s Retirement Living Standards in the first update of the rules of thumb for retirement spending since they were established two years ago.
Nine pension companies have been named on the shortlist to win the Pensions and Lifetime Savings Association’s (PLSA) first-ever Retirement Living Standards Awards.
The Pensions and Lifetime Savings Association (PLSA) has launched a new series of awards to recognise excellence in adopting the Retirement Living Standards for member communications.
As the award-winning Retirement Living Standards gain momentum in becoming an industry standard in pension scheme communications, the Pensions and Lifetime Savings Association (PLSA) is asking pension schemes, providers and other stakeholders to publicly show their support for the initiative.
Over 14 million savers now have access to the PLSA’s Retirement Living Standards (RLS) helping them to picture their retirement futures
In total, some 14.4 million savers – including over 10 million active savers – will have access to the Standards following their adoption by 53 organisations including 30 pension schemes, 17 pension business adopters and six other bodies
The Pensions and Lifetime Savings Association (PLSA) has been awarded the Headline Money Thought Leadership Initiative of the Year award for its Retirement Living Standards campaign
The award follows the successful launch of the Retirement Living Standards at last year’s PLSA Annual Conference in Manchester and was given in recognition of creating a thought-provoking public relations campaign that captured the media’s attention and helps savers picture their future
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