A Living Pension! What would it take to secure a better retirement income for workers?


UK pensions have seen radical reforms in recent years to boost pension saving and tackle poverty in retirement. Government has introduced a flat-rate state pension and got more millions more workers saving through auto enrolment. But these policies alone can’t guarantee an adequate income for many pensioners. Could the creation of a ‘Living Pension’ – modelled on the successful Living Wage campaign – be the crucial next step in the pensions puzzle, providing earners with clarity about the contributions required for a comfortable retirement?

You might think it an indulgence to ponder such things at such a time of crisis, but if we are serious about bouncing Britain back after  the pandemic, then establishing a Living Pension – an AgeWage for the nation, is a good place to start. Of course, plenty of work has been done on this – most importantly by the PLSA with its Retirement Living Standards.

What would be the level of a Living Pension? How much do workers need to save to have that level of retirement income? How do you cater for  shocks like Brexit and Covid? And what can policymakers do to create a better pensions system for all?

To mark the launch of a new report on a Living Pension, supported by Aviva, the Resolution Foundation is hosting an interactive webinar to debate and answer these questions. Following a presentation of the report’s key points, the webinar will hear from Pensions Minister Guy Opperman, and leading personal finance journalist Josephine Cumbo on how both Government and employers can encourage better pensions saving.

Viewers will be able to submit questions to the panel before and during the event. I hope that many of my readers will take an hour out of their schedule between 11 and 12 am on Monday January 25th.

You can register here


—If you want to do some further reading , try

The case for strengthening auto-enrolment enforcement

About henry tapper

Founder of the Pension PlayPen,, partner of Stella, father of Olly . I am the Pension Plowman
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1 Response to A Living Pension! What would it take to secure a better retirement income for workers?

  1. Pingback: Can the private sector be trusted to pay us a “living pension”? | AgeWage: Making your money work as hard as you do

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