Millions of DC savers set for retirement income disappointment - research

Majority at 'high risk'

James Phillips
clock • 3 min read
Savers may struggle to make their pots endure through their retirement
Image:

Savers may struggle to make their pots endure through their retirement

More than nine in ten defined contribution (DC) savers are at “high risk” of not achieving their expected retirement income, the Pensions Policy Institute (PPI) and Centre for Ageing Better warn.

While auto-enrolment (AE) has driven up contributions to pension schemes, those aged over 50 are most likely to face difficulties at retirement due to a combination of less time to save in AE schemes and...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Former pensions minister Baroness Ros Altmann.

'Messy' net-pay remedy to miss 85% of affected savers

To be offered 20% 'top-up'

James Phillips
clock 28 October 2021 • 4 min read
Chancellor Rishi Sunak. Photo: UK Parliament CC BY 3.0

Government confirms plans to review DC charge cap

Consultation will aim to unlock investment while protecting savers

Jonathan Stapleton
clock 27 October 2021 • 3 min read
Frank Field became a Lord in 2020.

Former Work and Pensions Committee chair Lord Frank Field is dying, peer reveals

Became Lord in 2020

Tom Ellis
clock 22 October 2021 • 2 min read