The challenges of default retirement income solutions

Martin Richmond looks at how the industry could respond to default decumulation duties

Martin Richmond
clock • 18 min read
The challenges of default retirement income solutions

The Pension Schemes Bill, announced in the King’s Speech 2024, will require pension schemes to offer retirement products, so people will have “a pension and not just a savings pot when they stop work”.

The bill will do this by placing duties on trustees of occupational pension schemes to offer guided retirement products to members, including "a retirement income solution or range of solutions" an...

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

DC consolidation could lead to 'massive' concentration of power

DC consolidation could lead to 'massive' concentration of power

LCP report finds concentration of power in DC sector is ten times greater than DB market

Martin Richmond
clock 28 April 2026 • 5 min read
Default strategy design key to understanding different retirement outcomes

Default strategy design key to understanding different retirement outcomes

Report reveals wide variation in retirement outcomes depending on the provider

Jonathan Stapleton
clock 22 April 2026 • 3 min read
From consolidation to megafunds: The £1trn evolution

From consolidation to megafunds: The £1trn evolution

Vidett’s Alison Hatcher speaks to Aviva Master Trust chair Chris Noon

Alison Hatcher
clock 22 April 2026 • 5 min read
Trustpilot