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 [email protected] with your thoughts on the podcast and any suggestions of the guests or types of content you’d like to see covered. This podcast is intended for investment professionals, and shouldn’t be shared with a non-professional audience. This podcast should not be taken as an invitation to deal in Legal & General investments. Any views expressed during this recording belong to the individuals and are based on market conditions at the time of recording, and do not reflect the views of Legal & General Investment Management. Legal & General Investment Management is authorised and regulated by the Financial Conduct Authority. Legal & General Investment Management, One Coleman Street, London, EC2R 5AA. Register in England no. 2091894. All rights reserved. No part of this audio may be reproduced in whole or in part without the prior written consent of Legal & General Investment Management.