Ruston Smith says it is time to move to a lifetime savings model

PMI chair discusses initiative to overcome three key pinch points for retirement savers

clock • 4 min read
Pensions Management Institute chair Ruston Smith
Image:

Pensions Management Institute chair Ruston Smith

Auto-enrolment (AE) has been really successful with over 11 million more people saving for retirement since 2012 - one of the biggest and most successful strategic changes in pension policy.

However, we know people aren't saving enough and, for many, affordability is a real challenge. The cost of living crisis has meant that people's savings have reduced and, over half of UK adults ...

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

Budget 25: No change to tax-free lump sum is 'welcome' move

Budget 25: No change to tax-free lump sum is 'welcome' move

The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget

Holly Roach
clock 26 November 2025 • 3 min read
Industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

Industry slams salary sacrifice changes as 'counterintuitive' and 'deeply misguided'

The industry has responded to the chancellor’s decision to cap salary sacrifice for pensions at £2,000

Holly Roach
clock 26 November 2025 • 10 min read
Endgame Summit 2026: Register now!

Endgame Summit 2026: Register now!

PP’s Endgame Summit will take place on 25 March in Central London

Professional Pensions
clock 26 November 2025 • 1 min read
Trustpilot