Ensuring future retirement adequacy

When thinking about what retirement adequacy means, put simply it’s having enough savings to meet income needs as you phase into retirement – whatever that might look like for you. Whilst this sounds simple, defining the required income throughout retirement is a complex challenge. In this paper, WTW explains how anyone wanting more than the modest foundation provided by the state pension will need to ensure their private pensions, such as their workplace DC pensions, work harder to deliver better outcomes through a combination of saving more, maximising returns and/or making better retirement...