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Research & insights

£267,000 pension pot needed to replicate average retirement income as annuity rates increase

Research & insights

£267,000 pension pot needed to replicate average retirement income as annuity rates increase

Average Retirement Income
  • Analysis by Standard Life reveals the pension pot you’ll need to secure the average income in retirement
  • Standard Life offers tips to help savings work harder under current inflationary conditions
  • Rising annuity rates a rare piece of positive financial news – the improvement means savers can generate bigger incomes from their savings

New analysis of government figures by Standard Life, part of Phoenix Group, highlights that the average retired couple has a pension income worth £284 per week - made up of both occupational and private pension income and excluding state pension income.

Read the full announcement