Renters over three times more likely than homeowners to fail to reach the PLSA’s minimum income standards in retirement. Figures raise pension adequacy concerns highlighting need for increased minimum auto-enrolment contributions & investment strategy governance. Government data has highlighted the radically different retirement prospects of homeowners and renters, illuminating the vast wealth disparities among the two groups in the UK and exposes the soft underbelly of auto-enrolment, according to Damon Hopkins at Broadstone, a leading independent pensions and benefits consultancy. The research shows that a quarter of renters are unlikely to achieve even the PLSA’s definition of a […]
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