Savings boost of 15% needed for young people to retire early

L&G highlighted the ‘power’ of compound growth when it comes to pension saving

Holly Roach
clock • 1 min read
Savings boost of 15% needed for young people to retire early

Young workers need a 15% boost to their savings if they want to retire early, research by Legal & General (L&G) reveals.

The research showed 17% of savers aged between 22 and 32 hope to retire before aged 60 with 70% expecting to retire before the current state pension age. As a result, savers in this age group wo...

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

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