Over 50s income source split half and half between DB and state pension

Standard Life update shows more over 50s use or intend to use DC income over DB

Jasmine Urquhart
clock • 2 min read
Standard Life's survey shows over 50s are increasingly relying on DC savings for their retirement income
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

  • 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

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Benefit

Tender Watch: Lancashire LGPS fund reappoints Northern Trust

Tender Watch: Lancashire LGPS fund reappoints Northern Trust

Northern Trust will provide the fund with custody and performance measurement services

Professional Pensions
clock 23 July 2024 • 1 min read
SPP finds strong support for consolidator gateway tests

SPP finds strong support for consolidator gateway tests

Industry says a public sector consolidator should be aimed at small, fully funded schemes

Jasmine Urquhart
clock 17 July 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 09 July 2024 • 1 min read
Trustpilot