Schemes expect drop in annuity sales but leave default strategies untouched

Michael Klimes
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Most trustees say their default investment strategies still assume members will annuitise when they retire despite expecting annuity sales to plummet.

Research from Intelligent Pensions found that 94% of schemes still target annuities, but trustees said on average they believe just one in three members will take this option. Trustees believe t...

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Michael Klimes
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