Retirement income takes another blow as equities fall

The latest data from Aon Consulting says for 30 year olds who plan to retire at 65, incomes have shrunk by £544 per year as their pension pots have greater exposure to equity markets. By contrast, 60 and 65 year olds enjoyed a modest increase in projected retirement incomes of £52 and £61 respectively, regardless of the slight drop in equities. Aon bases its research on individuals contributing 10% of a £25,000 salary to a DC scheme and having a fund of £15,000 at 30 or £150,000 at 55 or over. "Whilst this month's figures paint a more positive picture for those closer to retirement...