The OECD believes annuities are part of the solution to prevent people running out of money in retirement. Michael Klimes asks how viable this is in the era of Freedom and Choice
At a glance OECD believes running out of money is a key risk in DC Longevity risk is best mitigated through partial annuitisation But the political climate unfavourable towards development of...
The £2.3bn withdrawn flexibly from pensions in Q3 represents a 2% year-on-year decrease from monies withdrawn during the same months in 2019, HM Revenue and Customs (HMRC) figures show.
The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.
As DC schemes face increasing pressures to consolidate, David Snowdon says master trusts are the perfect home.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.