UK - Schemes can give some members "better value" pensions by offering impaired life annuities, Watson Wyatt told delegates at the NAPF's annual conference in Glasgow.
Partner Mike Wadsworth said if scheme members annuitise benefits later than normal retirement, at 70, for example, it can provide better value for money.
He said: “Annuities bought at normal retirement ages appear poor value, since the reward for annuitising is small – 1% to 2.5% above corresponding long bond yields.”
PP has compiled a list of what to watch out for over the coming months.
The Pensions Regulator (TPR) spent just under £60,000 on a rebrand, including the design of a new logo and implementation of a refreshed colour scheme, Professional Pensions can reveal.
In this week's Pensions Buzz, we want to know whether or not you believe default decumulation pathways are a good way to tackle members' confusion at retirement.
The increase in minimum auto-enrolment (AE) contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.