CDC decumulation could see 50% retirement income rise

CDC pension could provide savers with substantially more income than annuities

Martin Richmond
clock • 2 min read
CDC decumulation could see 50% retirement income rise

Using collective defined contribution (CDC) schemes as a decumulation option could provide savers with a greater income in retirement, Aon research reveals.

The firm's report - The Power of Pooling ­- revealed for a typical retiree aged 65 could expect to receive an income of around £2,000 per annum if they purchased an inflation-linked annuity. Howeve...

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

Aon DC tracker shows drop in Q3 retirement outcomes

Aon DC tracker shows drop in Q3 retirement outcomes

Tracker fell from 65.2 to 64.6 due to drop in expected investment returns

Holly Roach
clock 12 December 2024 • 1 min read
L&G launches inaugural endgame report

L&G launches inaugural endgame report

LGRI and LGIM divisions jointly launch report on DB endgame insights

Jasmine Urquhart
clock 11 December 2024 • 2 min read
Why we can't let the government dictate how we invest our pensions

Why we can't let the government dictate how we invest our pensions

Prioritising investments in illiquid assets risks leaving savers with poorer outcomes

Romi Savova
clock 06 December 2024 • 3 min read
Trustpilot