The decumulation phase of defined contribution (DC) pensions should be institutionalised to prevent savers from splashing their pots, the Pensions Institute (PI) has said.
A report from the PI described George Osborne's Budget decision to abolish mandatory annuitisation or drawdown for DC members as "risky". Professor David Blake (pictured) said: "The Chancellor h...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date