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The Latest Breaking News from PLSA

Retirement boost for savers with plans to scoop up smaller pension pots

The Government said some 13 million small pots hold £1,000 or less.

Evening Standard

Workers could get a £1,000 pension boost as DWP proposes new rule for providers

Millions of workers are missing out on their hard-earned pension savings

The Independent UK

Half of workers ‘have never considered increasing current pension contributions’

Just under half of people said they know the process to change their pension contributions with their current employer.

Evening Standard

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Pension schemes in ‘robust position’ to deal with market fluctuations

The Pensions and Lifetime Savings Association said schemes are required to hold increased buffers to withstand market volatility.

Evening Standard

Pension savers ‘plan to raise contributions and review retirement goals’ in 2025

One in eight people with a defined contribution pension aims to review their pension plan and retirement goals this year, researchers said.

Evening Standard

Research reveals size of ‘Christmas hamper’ for retirees on different incomes

The calculations were made by the Pensions and Lifetime Savings Association, which publishes retirement living standards.

Evening Standard

£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

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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

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

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

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Daily Mirror

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

Wales Online

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

Bristol Post

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

Glasgow Live

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.

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Nottingham Post

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

The figures are detailed

Liverpool Echo

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

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

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.

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