People need pension pot worth £150,000 to have basic retirement income

clock

WORKERS must build up a pension pot worth £150,000 in order to have just a basic standard of living when they retire, EverInvestor claims.

The personal finance website said that, assuming an investment return of around 4pc per annum, this amount of savings would provide pensioners with a monthly income of around £500 a month to add to...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Partner Interactive Video: Are you aware of the new approaches to retirement?

Partner Interactive Video: Are you aware of the new approaches to retirement?

With traditional pension strategies unlikely to meet the needs of retirees; Professional Pensions and AllianceBernstein’s interactive video allows viewers to unlock a range of new strategies for members

AllianceBernstein
clock 11 June 2025 • 1 min read
TPT completes major digital transformation ahead of new DC retirement offering launch

TPT completes major digital transformation ahead of new DC retirement offering launch

Improvements aim to fundamentally improve how savers engage with and access their pensions

Jonathan Stapleton
clock 04 June 2025 • 2 min read
Partner Insight: Defined contribution pensions - It's time to shift the focus from price to value

Partner Insight: Defined contribution pensions - It's time to shift the focus from price to value

Philip Smith, DC Director of TPT Retirement Solutions
clock 21 May 2025 • 6 min read
Trustpilot