Government rejects 'default decumulation pathways' at retirement

clock • 3 min read

The government has rejected the Work and Pensions Committee proposal to introduce a 'default decumulation pathway' at retirement.

In the committee's Pension Freedoms report published in April, MPs recommended every pension provider offering a drawdown product must, by April 2019, offer a default decumulation option. Today ...

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 Law and Regulation

Pete Glancy: Adequacy should be front and centre of the government's pension plans

Pete Glancy: Adequacy should be front and centre of the government's pension plans

Labour administration must also consider financial needs more holistically

Pete Glancy
clock 15 July 2024 • 3 min read
The full list of pensions ministers since 1998

The full list of pensions ministers since 1998

The full list of the ministers who have been responsible for pensions

PP Staff
clock 11 July 2024 • 1 min read
Stephen Tiley: CDC is a sustainable, sensible and workable pensions model

Stephen Tiley: CDC is a sustainable, sensible and workable pensions model

CDC also takes away the stressful decisions members are expected to make in DC

Professional Pensions
clock 09 July 2024 • 2 min read
Trustpilot