Pensions 'roulette' leaves savers '£5,000 a year worse off'

James Phillips
clock • 2 min read

Pot luck on investment returns leaves savers playing "pensions roulette" in the years just before retirement, the Trades Union Congress (TUC) has said.

Market volatility means defined contribution (DC) scheme members could lose up to £5,000 a year in later life if they happen to retire after a bad year of investment returns and annuity rates. T...

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

L&G expands retirement planner to younger DC members

L&G expands retirement planner to younger DC members

Firm says planner has ‘significantly boosted’ retirement readiness among members approaching retirement

Martin Richmond
clock 07 October 2025 • 2 min read
Standard Life launches pensions advice service

Standard Life launches pensions advice service

Designed for those with £50,000 or more in savings who would not normally seek advice

Jasmine Urquhart
clock 06 October 2025 • 2 min read
Royal London launches three sustainable funds

Royal London launches three sustainable funds

New funds expand the provider’s range of sustainable funds to nine

Martin Richmond
clock 03 October 2025 • 1 min read
Trustpilot