Help clients maximise excess savings to boost retirement prospects

Evidence from recently published research conducted by the Pensions Policy Institute (PPI), working with the Pensions & Lifetime Savings Association (PLSA), focuses on the need to increase young workers' pension contributions from the 8% of salary that auto-enrolled defined contribution-based (DC) pensions currently deliver by default, to at least 12%. Some even argue that median pension contribution rates need to rise to 15% to counteract lower growth of investments as well as increasing life expectancy which is set to lengthen retirements for 22-year-olds today by at least four years (...