Value of pension pot required to meet basic needs in retirement rises by 60%

Research finds pension pot required to provide basic standard of living increases to £107,800

Martin Richmond
clock • 4 min read
Value of pension pot required to meet basic needs in retirement rises by 60%

The average sized pension pot retirees will need to meet their basic needs in retirement has risen by 60% since the cost of living crisis began, research from the Resolution Foundation has found.

The research, which was commissioned by the Living Wage Foundation, revealed when averaged out across numerous factors such as gender, relationship status, housing, and life expectancies, the avera...

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Martin Richmond
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Martin Richmond

Senior Correspondent at Professional Pensions

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