Coffee Morning – What’s the point of Retirement Living Standards?! CPD included
You are cordially invited to attend our next online Coffee Morning on Tuesday 16th June, a conversation with Chloe Taylor CEO of Quietroom
When the BBC covered the updated Retirement Living Standards, the top comment said what many savers think: “what’s the point?”
The Standards tell us what retirement is going to cost. But for lots of members, a big number doesn’t motivate. Instead it makes the gap feel impossible.
Join Chloe to explore how we move members from resignation to action. We’ll look at the issues with how we use targets, and what might work better — from building positive saving habits to guided retirement, targeted support and AI.
To register:
Please add this event to your calendar and click HERE on the day or on the Teams link below.
Chloe will explain her thinking for 20–30 minutes, then there’ll be plenty of time for discussion with Q&A. Come with questions and disagreements!!
Chloe Taylor’s CV can be read here.
Platform
Microsoft Teams
Or you can cut and paste this Url into your diary
https://teams.microsoft.com/
Regards,
Pension Playpen
What Pensions UK have to say about Retirement Living Standards
Again this is at best comfortable for the top 20% to 22% of non-retired households.
The national median net household income for non-retired households is roughly £38,500.
A couple bringing home £63,000 net or a single person earning £45,000 net clears the median comfortably.
To achieve £45,000 net as a single earner before retirement, a gross salary of roughly £67,000 to £70,000 is required, which sits around the top 10% of individual UK taxpayers. So £1,000,000 to buy an indexed joint life annuity.
According to the Office for National Statistics (ONS) Wealth and Assets Survey data, approximately 2% of the total adult population in Great Britain holds private pension wealth of £1,000,000 or more.
My question for the event
What savings habits do this group have that can be replicated for the the bottom 25% or will this be always a welfare issue?