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New Retirement Living Standards Awards opens for applications

  • The Pensions and Lifetime Savings Association (PLSA) has launched a new series of awards to recognise excellence in adopting the Retirement Living Standards for member communications.

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How pension providers can show support for Retirement Living Standards

  • As the award-winning Retirement Living Standards gain momentum in becoming an industry standard in pension scheme communications, the Pensions and Lifetime Savings Association (PLSA) is asking pension schemes, providers and other stakeholders to publicly show their support for the initiative.

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Retirement Living Standards accessible 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

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Retirement Living Standards wins Thought Leadership Initiative of the year award

  • The Pensions and Lifetime Savings Association (PLSA) has been awarded the Headline Money Thought Leadership Initiative of the Year award for its Retirement Living Standards campaign

  • The award follows the successful launch of the Retirement Living Standards at last year’s PLSA Annual Conference in Manchester and was given in recognition of creating a thought-provoking public relations campaign that captured the media’s attention and helps savers picture their future

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PLSA urges pensions industry to adopt new Retirement Living Standards

  • New UK Retirement Living Standards published to help people picture their future retirement and what that might cost

  • Pitched at three levels – minimum, moderate and comfortable – based on a basket of goods and services, from food and drink to holidays

  • The Standards can be briefly summarised as 10k-20k-30k for individuals and 15k-30k-45k for couples

  • Target for schemes representing 90% of active savers to adopt the new Standards by 2025

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