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

SPP: Developing the next generation of pension professionals

SPP: Developing the next generation of pension professionals

Tom Hill says the pensions industry has much to gain by investing in its emerging talent

Tom Hill
clock 26 June 2026 • 3 min read
Good News Corner: Actuary's acapella remix of Will Smith's Miami goes viral

Good News Corner: Actuary's acapella remix of Will Smith's Miami goes viral

Hymans Robertson partner becomes internet sensation during the World Cup

Jonathan Stapleton
clock 26 June 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Keir Starmer resigns, what Andy Burnham could mean for pensions, and a TPR blog

Professional Pensions
clock 26 June 2026 • 1 min read
Trustpilot