Hymans Robertson report: Minimum, moderate or comfortable?
Hymans Robertson has incorporated the latest Retirement Living Standard (RLS) figures, current market conditions and the 2026/27 State Pension into its retirement outcomes analysis tool.
Using its Guided Outcomes™ modelling, it assesses the likelihood of meeting the RLS across different combinations of salary and contribution rates, using a red/amber/green colour scale to show the chances of success.
The findings show that members who contribute consistently throughout their working lives generally have a strong chance of meeting the Minimum standard, helped by the foundation provided by the State Pension. However, the picture becomes much more challenging when aiming for the Moderate and Comfortable standards.
Even members earning higher salaries may need to contribute significantly more than automatic enrolment minimums to achieve these outcomes.
The research also highlights the growing tension between saving for retirement and getting on the housing ladder. For many members, delaying pension contributions to save for a property deposit can have a lasting impact on retirement outcomes.
Meanwhile, members who continue renting into retirement may find it significantly harder to achieve even a basic standard of living, as housing costs are not included within the headline RLS figures.
Download the publication to find out more.
Supplied by REBA Associate Member, Hymans Robertson
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