94: Living the dream? The Retirement Living Standards with Emma Douglas, Head of DC

How much money do you really need in retirement? Amid large amounts of confusion in the UK workforce, the Pensions and Lifetime Savings Association (PLSA) might just have the answer. Inspired by the “five-a-day” mantra, the PLSA’s Policy Board have developed Retirement Living Standards as guidelines for how much retirees need to live off – and what they can realistically afford to buy – at three levels of income. These virtual “shopping baskets” include everything from your weekly grocery drop to how many holidays you need a year, and much more besides. 

This week, we interrogate how and why the standards were developed, what happens for couples, taking the bus and whether you can still afford to have fun in retirement!

 

·  Emma Douglas, Head of Defined Contribution, LGIM and Chair of the PLSA’s Policy Board

·  George Currie, Policy Lead: Lifetime Savings, PLSA

·  Eliza Grimond, Senior Content Manager, LGIM

We want to hear from you! Email us at mark.chappel@lgim.com with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered.

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