Growing pensions divide among baby boomer savers

21st July 2022

Baby boomer savers with defined benefit (DB) pensions were able to derive more from their pension towards their retirement income than those with defined contribution (DC) pensions, according to a new report by Dunstan Thomas.

The report, Exploring Baby Boomers' Lengthening Journeys to Full Retirement, published today (21 July) carried out a survey of 1,272 baby boomer savers to find out what kind of pension they held.

It revealed that 48% of baby boomer savers had occupational DB pensions, while 24% had non-workplace DC pension plans, as well as a self-invest personal pension, while a further 19% possessed an occupational DC pension.

Read the full article here Read the full Baby Boomers Report here