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...

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

VfM seen as biggest driver of improved retirement outcomes

VfM seen as biggest driver of improved retirement outcomes

SPP poll shows 44% see VfM framework as the key driver of improved retirement outcomes

Martin Richmond
clock 12 November 2026 • 1 min read
Broadstone launches employee benefits proposition for businesses

Broadstone launches employee benefits proposition for businesses

Elements+ will help simplify the process of selecting employee benefits

Holly Roach
clock 12 November 2026 • 1 min read
Women in Pensions Awards 2026 – The winners!

Women in Pensions Awards 2026 – The winners!

Talented women are celebrated for their achievements across the pensions industry

Professional Pensions
clock 12 November 2026 • 2 min read
Trustpilot