Lifestyling strategies are helpful for defined contribution members up to a point but have "serious flaws", the Telegraph Pension Scheme pensions manager James Churcher says.
Churcher said a problem occurs when DC members approaching retirement take income drawdown instead of buying an annuity. He said: "We have a nonsense that for 10 years we have been gradually phas...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
