Young workers must save £800 per month: deVere

clock

The average 30 year old should save £824 a month into a pension to retire comfortably at 65, a financial advice firm says.

Research from the deVere Group added that waiting just one year later to put money away would increase the amount needed by 7.65%, to £887 a month. Waiting until age 40 or 50 to start saving wou...

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

More on Defined Contribution

CDC schemes can provide fairness for members, LCP says

CDC schemes can provide fairness for members, LCP says

Consultancy says CDC schemes will need to earn the trust of members and employers

Martin Richmond
clock 17 February 2026 • 3 min read
Industry calls for whole market approach to FCA pension transfer reforms

Industry calls for whole market approach to FCA pension transfer reforms

Consultation responses suggest proposals risk creating ‘disjointed’ and ‘confusing’ experiences

Martin Richmond
clock 11 February 2026 • 5 min read
SPP issues response to FCA digital pension planning consultation

SPP issues response to FCA digital pension planning consultation

SPP says it broadly supports FCA proposals but criticises ‘overly ambitious’ timeline

Martin Richmond
clock 09 February 2026 • 2 min read
Trustpilot