Savers who have built up larger defined contribution (DC) pension pots are expected to be worse off in retirement due to weak investment performance in the first quarter of the year, according to Aon.
The consultant's latest DC Pension Tracker - published on 1 July - measures the expected retirement outcomes of four sample DC pension savers against the Pensions and Lifetime Savings Association's Retirement Living Standards. Aon's tracker rose over the first quarter of 2022 from 56.9 to 61.3, which was largely driven by increases across the board in expected asset returns for the different sample savers. The firm said the rise suggests that the expected future living standard in retirement provided by DC savings was higher than at the end of the previous quarter. However, Aon sai...
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