PLSA Retirement Living Standards update reveals 20% cost of living increase

Rising prices add almost 20% to minimum cost of retirement

Jasmine Urquhart
clock • 6 min read
The cost of retirement has risen by almost 20% in the last year
Image:

The cost of retirement has risen by almost 20% in the last year

The cost of retirement has risen by almost 20% in the last year, the Pensions and Lifetime Savings Association (PLSA) says.

The trade body said its latest inflation update of its Retirement Living Standards (RLS), released today (12 January) said high inflation has meant retirees aiming to achieve a basic standard of li...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Workers concerned about potential pensions tax changes

Workers concerned about potential pensions tax changes

Penfold research finds majority are concerned changes could be announced in the Budget

Martin Richmond
clock 06 October 2026 • 2 min read
Webinar: The rise of the total portfolio approach – register now

Webinar: The rise of the total portfolio approach – register now

Webinar will be held in association with L&G at 10am on Friday 9 October

Professional Pensions
clock 06 October 2026 • 1 min read
Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Among those aged between 55 and 64

clock 05 October 2026 • 2 min read
Trustpilot