Burden of DB 'throttling' investment in younger generation's retirement
Young workers' pension funds are being sacrificed so private companies can afford to pay "over-generous" pensions for older members, according to the Intergenerational Foundation (IF).
Its latest report said there is a £22,400 gap between annual contributions to defined benefit (DB) DB and defined contribution (DC) schemes, with the average DB scheme paying out £23,600 a year while a...
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Two-thirds 'sleepwalking' into retirement and will run out of pension in their 80s
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.
