Smart Pension and L&G to develop default retirement pathway

Victoria Tichá
clock • 2 min read

Smart Pension and Legal & General (L&G) have partnered to create a workplace pension retirement income product that will combine drawdown and annuities.

The default will be divided into four pots: drawdown, annuity, a ‘rainy day' pot of liquid savings, and an amount kept back for leaving an inheritance.  The providers will pay an income from the...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Most savers did not seek Pension Wise guidance in last four years

Most savers did not seek Pension Wise guidance in last four years

Just Group analysis shows only 5% of DC savers had in-person appointments with Pension Wise

Martin Richmond
clock 19 May 2025 • 2 min read
Low member engagement biggest obstacle to a default retirement solution, XPS says

Low member engagement biggest obstacle to a default retirement solution, XPS says

XPS research finds 37% cite low engagement as main challenge to implement retirement solutions for DC members

Martin Richmond
clock 15 May 2025 • 1 min read
DC Conference Manchester: Register now!

DC Conference Manchester: Register now!

The DC event is being held at Manchester on 17 September

Professional Pensions
clock 14 May 2025 • 1 min read
Trustpilot