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

Pensions UK and ABI launch 2026 Pension Attention campaign

Pensions UK and ABI launch 2026 Pension Attention campaign

The campaign uses guidance and a video to urge people to ‘grow your pension’

Holly Roach
clock 04 September 2026 • 1 min read
Good News Corner: Quantum announces winner of 2026 maths prize

Good News Corner: Quantum announces winner of 2026 maths prize

Ciara Moody won the accolade for her work exploring the concept of affine spaces

Jonathan Stapleton
clock 04 September 2026 • 2 min read
People Moves: Week ending Friday 4 September 2026

People Moves: Week ending Friday 4 September 2026

PP brings together all the appointments in the pensions industry over the past week

Professional Pensions
clock 04 September 2026 • 9 min read
Trustpilot