Bringing you live news and features since 2006 

PLSA makes retirement living standards available to over 14 million savers


Over 14 million savers now have access to the PLSA’s Retirement Living Standards (RLS) helping them to picture their retirement futures.In total, some 14.4 million savers – including over 10 million active savers – will have access to the Standards following their adoption by 53 organisations including 30 pension schemes, 17 pension business adopters and six other bodies.

The PLSA has stated that it has set an adoption target of 90 per cent of active savers via scheme adopters by 2025.

Pitched at three levels: minimum, moderate and comfortable, the Standards have been designed to fill the gaps in current approaches and act as a practical and meaningful starting point on a saver’s engagement journey.

Like the five-a-day healthy eating initiative, the PLSA’s ambition is for the Retirement Living Standards to become a widely adopted industry standard. For example, some schemes will use them in general information for their members, in annual benefit statements, or to develop personalised targets for their members’ pension planning.

In a poll conducted at the PLSA’s first-ever virtual Annual Conference, over two-thirds (67 per cent) attendees who have used the standards stated that they had used the RLS as part of online information, whilst a third had included this within annual benefits statements. Almost a fifth (19 per cent) had embedded the Standards into tools they provide for savers, including retirement income calculators.

Nigel Peaple, Director of Policy & Research PLSA, says: “With over 14 million savers now having easy access to the Retirement Living Standards, we are well on the way to helping the UK establish a common language to engage with retirement saving. By detailing the cost of different retirement lifestyles, the standards are helping people plan for, and picture, their futures.

“It’s been really encouraging to see so many pension and savings organisations proactively come to us asking for help with adoption and wanting to know more about the Standards.”

Latest News

ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...
News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by