Is 15% the right level for DC contributions?

Lord Hutton says the UK needs a retirement savings target of 15%. How do we get there?

Helen Morrissey
clock • 5 min read

Lord Hutton says the UK needs a retirement savings target of 15% of income. Helen Morrissey looks at whether this is viable and how we can get there.

At a glance A report has called for UK workers to save 15% of income for retirement The current household savings ratio is 6.7% Workplace schemes can play a big part in raising contributio...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

PP DC Conference 2024: Register now!

PP DC Conference 2024: Register now!

Our flagship DC event is returning this year on 25 June at etc.venues, St Paul’s in London

Professional Pensions
clock 28 March 2024 • 1 min read
TPT launches global infrastructure fund for DC members

TPT launches global infrastructure fund for DC members

Fund also aims to monitor and manage carbon and climate change risk exposures

Jonathan Stapleton
clock 27 March 2024 • 1 min read
Aviva launches flexible pension scheme for Bolt

Aviva launches flexible pension scheme for Bolt

Drivers for private hire vehicle app will contribute 5% of fees from completed trips

Jasmine Urquhart
clock 25 March 2024 • 1 min read
Trustpilot