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.
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 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
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