Image:
Standard Life's survey shows over 50s are increasingly relying on DC savings for their retirement income
The retirement income source for those aged 50 and over is split roughly 50:50 between defined benefit (DB) and state pension income, Standard Life data shows.
The pension provider's latest annual Retirement Income Almanac, which surveyed 2000 over 50s last year, found just over half (51%) of retirement income is derived from the state pension, while DB p...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
