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The Latest Breaking News from PLSA

£31.1bn sitting unclaimed in ‘lost’ pension pots – research

The total value of lost pension pots in the UK has jumped by nearly £12 billion since 2018, the Pensions Policy Institute calculated.

Evening Standard

One in three people ‘feel financially worse off than a year ago’

The proportion of people reporting being financially worse off than a year ago has eased, but many are still cutting back, according to the PLSA.

The Independent UK

What to do now if you’re worried about your retirement prospects

Are you one of the 27% of people who doubt they’ll ever be able to afford to stop working? Don’t panic if you’re not on track, says a pensions expert.

The Independent UK

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Divorces delayed by cost of living crisis, research finds

Financial pressures have led to postponement of 19% of divorces, involving 270,000 couples, Legal & General claims

The Guardian - UK

Government as committed as ever to pensions dashboards, says minister

Pensions minister Laura Trott said the pensions dashboards programme will be given the flexibility it needs.

The Independent UK

UK pensions: how much do you need to retire as the cost of living soars?

As inflation bites into pension pots, we find out what it takes to keep up your standard of living

The Guardian - UK

DWP confirms support for proposals to expand pension saving scheme for millions of young adults

Plans to expand Automatic Enrolment will enable people to save more and to start building retirement posts earlier.

Daily Record

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Proposals to expand pension saving to younger adults backed by Government

A Private Members’ Bill, being supported by the Government, could pave the way for the automatic enrolment age to be lowered to 18.

The Independent UK

Major pension change being looked at by DWP - and it would benefit millions of workers

A consultation on small pension pots has been launched by the Department for Work and Pensions (DWP) with the aim of making it easier to keep track of your retirement fund

Daily Mirror

Changes to pensions aim to give people more money when they retire

There is a particular focus on helping people reduce the number of small pensions they have from changing jobs

Wales Online

The exact amount state pensioners need to have a 'comfortable' retirement

Despite the state pension being set to rise by 10.1% in April, many are feeling anxious

Bristol Post

Exact amount State Pensioners need for 'comfortable retirement' ahead of April rise

The exact amount needed for state pensioners to have a comfortable retirement has increased in the last years due to a rise in the cost of living crisis and comes as Martin Lewis confirmed a rise in energy prices in a few months time.

Glasgow Live

Exact income you'll need for a 'comfortable retirement' even with your state pension

The figures are detailed

Nottingham Post

Exact amount State Pensioners need for a 'comfortable retirement'

The amount you need for a minimum standard of living, a comfortable standard of living, or a more luxurious lifestyle in retirement

Liverpool Echo

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Nottingham Post

The exact amount State Pensioners need for 'comfortable retirement' revealed

State pension is set to go up but so is cost of living - so how much do you need to get by and live comfortably?

Daily Mirror

How much YOU need for decent retirement revealed as cost of 'basic' lifestyle soars

With soaring energy and food costs, the amount pensioners need to live a decent life has risen significantly. Here we take a look at how much is required to cover three different types of retiree lifestyles

Daily Record

Couples who want comfortable retirement lifestyle will need an annual income of more than £54,000

The cost of a minimum lifestyle is now £19,900 for a two-person household.

Wales Online

20% increase in income needed for minimum living standards in retirement

Cost of just a basic lifestyle has risen from £10,900 in 2021 to £12,800 in 2022 with rising food and fuel prices behind the increase

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The Independent UK

Jump of nearly 20% in amounts needed for minimum living standards in retirement

Rising food and fuel prices have contributed significantly to the increase in the amounts retirees need for a minimum standard of living.

The Independent UK

Bank of England should extend emergency action, says pensions industry body

Some pension funds want bond-buying scheme to continue beyond October

The Independent UK

Bank of England may need to extend emergency action, says pensions association

The Bank has been stepping in after turmoil following the mini-Budget left some pension funds close to collapse

The Independent UK

Momentum of the early years of workplace pensions drive ‘needs to be regained’

Automatic enrolment into workplace pensions started in October 2012.

Daily Record

Seven simple pension mistakes people saving for retirement should watch out for

A single person needs £10,900 a year for just a ‘minimum’ standard of living when they retire.

Daily Record

People relying on State Pension income will be £1,300 short of ‘minimum’ standard of living for retirement years

A single person needs £10,900 a year for just a ‘minimum’ standard of living when they retire.

The Independent UK

New type of pension scheme launches in Britain

Collective defined contribution pension schemes offer a ‘middle ground’ option between existing schemes.

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