Savers 'need to put 22%' into pensions post Brexit

James Phillips
clock • 2 min read

A weakened economy following the vote to leave the EU means savers will have to put as much as 22% of their wages into pensions.

Factors such as low interest rates, low returns on assets, and low gilt yields mean pension pots will have a slower growth before retirement. According to Hymans Robertson, prior to Brexit saver...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

SPP: Private markets, public good - Why the Mansion House Accord matters

SPP: Private markets, public good - Why the Mansion House Accord matters

Jo Sharples explores the opportunities and challenges the Mansion House Accord presents

Jo Sharples
clock 31 July 2025 • 3 min read
Fidelity FutureWise default reaches £20bn milestone

Fidelity FutureWise default reaches £20bn milestone

Default fund is forecast to grow beyond £40bn in assets by 2030

Jonathan Stapleton
clock 29 July 2025 • 2 min read
Pi Partnership launches DC decumulation report

Pi Partnership launches DC decumulation report

Survey of 12 master trusts sees majority starting to develop decumulation option for members

Jasmine Urquhart
clock 22 July 2025 • 3 min read
Trustpilot