Market insight
From far-reaching reforms to customer vulnerability, we’ve brought together research papers from Just and external experts to help support your understanding of the retirement income market, and the challenges those operating in it face.
£6,400 a year average loss in annual salary by carers cutting work to support elderly loved ones, retirement specialist Just Group reveals
Three in 10 carers aged 45-75 reduced working hours or quit completely. Average loss of earnings was nearly £539 a month – equal to £6,464 a year. Only one in five of those who have reduced or stopped work are claiming Carer’s Allowance. Click here to find out more.
One in three adults caring for a relative have a poor understanding or no knowledge of Carer’s Allowance
Chancellor to make Carer’s Allowance more generous but low awareness needs to be addressed. 8% of carers aged 45-75 who care for a relative have never heard of the key carer’s benefit. Click here to find out more.
Tuning into Member Needs: Just Group report sheds new light on the support DB members want when preparing for retirement
Retirement specialist and leader in the defined benefit (DB) de-risking market Just Group has launched a new member insight report: Tuning into Member Needs. Click here to find out more.
Just Group Care Report 2024 - Groundhog Day
The latest edition of Care Report: Groundhog Day, provides key insights into the challenges of social care funding. It highlights the need for clients to plan ahead. Read the full report here.
State Pension Shortfall Day arrives as pensioners with a minimum standard of living exhaust State Pension today
£2,858 shortfall between the ‘minimum’ of the PLSA’s Retirement Living Standards and the full new State Pension. Click here to find out more.
A timely warning – older annuity buyers have most to lose by not shopping around
The gap between the best and worst annuity rates has trended higher through 2024. A 75-year-old can receive 20% more income by choosing the best over the worst deal. Click here to find out more.
Advice use among drawdown customers slumps to below 50% for the first time, new FCA data reveals
The proportion of savers accessing a pension for the first time using income drawdown with advice has fallen below half for the first time. Click here to find out more.
Single pensioners on full State Pension need more than £5,000 extra income a year to reach Minimum Income Standard
Single pensioners require £5,698 and pensioner couples an extra £4,795 on top of full State Pension to reach Joseph Rowntree’s Minimum Income Standard. Click here to find out more.