Retirement living standards launched to help savers 'picture their future'

Launched at its annual conference in Manchester yesterday (17 October), the standards are aimed at helping people to "picture their future retirement", what that might cost, and give them more confidence about their retirement savings, the Pensions and Lifetime Savings Association (PLSA) said. The standards were designed to fill the gaps in current approaches to engagement and act as a practical and meaningful starting point on a saver's "engagement journey". They are pitched at three levels: minimum, moderate and comfortable. The PLSA said it would seek to ensure the pensions sector ...