Getting Retirement Right

SS&C recently contributed to a new TISA research paper; “Getting Retirement Right.” This paper focuses on the challenges that households face in achieving a target level of income in retirement, through the accrual of pension savings through the Automatic Enrolment framework. The report highlights several key areas which households need to factor into their saving plans and the impact that these can have on retirement outcomes
Key insights include:
• Lifetime renters set to exhaust their pension savings 12 years before homeowners.
• New research looks at levels of savings needed for those entering the workforce in 2025 to achieve a comfortable retirement.
• TISA modelling reveals owning a property can make a critical difference in later life financial well-being.
•TISA is calling for automatic enrollment contributions to increase to 12% and more support and guidance to be made available for consumers.

Getting Retirement Right

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