AE savers should default to drawdown at 55, annuities at 80, says CPS

James Phillips
clock • 3 min read

The Centre for Policy Studies (CPS) has called for savers to be "automatically protected" in retirement by phasing them between drawdown and annuitisation.

Savers should be automatically assigned to a drawdown policy at the private pension age of 55, with a default withdrawal of between 4% and 6%. Remaining assets should be placed in a diversified def...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

How VfM can keep pace with a changing DC market

How VfM can keep pace with a changing DC market

Rachel Harris asks if authorities should look to ‘pause and reflect’ amid significant market change

Rachel Harris
clock 06 October 2026 • 4 min read
Partner Insight: From gilts to grids - Five themes shaping the UK investment landscape

Partner Insight: From gilts to grids - Five themes shaping the UK investment landscape

Sophie Ballard, Nuveen
clock 05 October 2026 • 3 min read
Nest appoints Wellington Management to run £3.5bn active EM equity strategy

Nest appoints Wellington Management to run £3.5bn active EM equity strategy

Emerging markets brief aims to strengthen ESG, risk evaluation and stewardship

Jonathan Stapleton
clock 02 October 2026 • 1 min read
Trustpilot