One third (33%) of defined contribution (DC) pension savers have less than £10,000 saved in their pension, research from the Financial Conduct Authority’s (FCA) finds.
The FCA's latest Financial Lives survey of 18,000 adults found more than half (56%) had a pot of more than £10,000, with the median amount between £20,000 and £30,000, the same as in the 2022 surve...
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, 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
