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Aon UK DC Pension Tracker – Q3 2024: State Pension increase drives rise in savers’ expected incomes
By Aon
Over Q2 as a whole, the Aon UK DC Tracker rose which suggests the expected future living standard in
retirement provided by defined contribution (DC) savings was higher than at the end of the previous
quarter.
All members benefited from the April 2024 increase in the state pension, which increased from £10,600
to £11,500 per year. The oldest saver saw the largest proportionate increase from this change as the
state pension makes up a larger proportion of their expected retirement income. Positive returns over
the quarter together with changes to future expected investment returns further increased the expected
retirement income for all members
Get the report here
