DC savers projected income drops £2,750 in 12 months

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The average defined contribution member has lost £2,750 a year from their income in retirement over the last year, research finds.

The Alexander Forbes National Pension Index - which tracks projected retirement income benchmarked at the year 2000 - fell from 67.4 to 58.9 in the 12 months to March. This drop equates to a los...

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