How can members be empowered to avoid running out of money in retirement?

Michael Klimes
clock • 4 min read

Charges and poor returns can seriously reduce the amount of income people have in retirement. Michael Klimes looks at what can be done to help avoid these pitfalls.

At a glance Charges and markets can curtail income at retirement  But many people do not understand this  Solutions include higher saving rates, financial education and personal responsibi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Guided retirement defaults risk excessive complexity for savers, IFoA research finds

Guided retirement defaults risk excessive complexity for savers, IFoA research finds

Latest research favours ‘flex and fix’ and R-CDC, not drawdown

Alex Levy
clock 23 September 2026 • 2 min read
Partner Insight: Good governance in an AI-enabled world

Partner Insight: Good governance in an AI-enabled world

Sharon Bellingham, Master Trust Lead, Scottish Widows
clock 23 September 2026 • 6 min read
Partner Insight: Closing the gap - why UK pension schemes can't afford to sit out private markets

Partner Insight: Closing the gap - why UK pension schemes can't afford to sit out private markets

As policy tailwinds strengthen the UK's private markets opportunity, Federated Hermes' private markets specialists explain why they believe pension schemes are still leaving returns on the table.

Federated Hermes
clock 23 September 2026 • 4 min read
Trustpilot