Majority of DC savers over 55 want automatic pension payments at retirement

Report finds 83% of savers would like to see savings pay an income from State Pension age

Martin Richmond
clock • 3 min read
Majority of DC savers over 55 want automatic pension payments at retirement

A majority of defined contribution (DC) savers over the age of 55 have said they would find it “helpful” if their DC scheme automatically paid them a pension when they reached retirement, research from Hymans Robertson shows.

The consultancy's paper, Designing decumulation defaults - remember the member, published today (13 March) revealed 75% of DC members over the age of 55 wanted to see automatic pension payments at ...

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

CDC benefits may be 50% greater than those offered by DC, says LCP

CDC benefits may be 50% greater than those offered by DC, says LCP

Consultancy says multi-employer CDC schemes could come to market from 2026

Martin Richmond
clock 16 July 2024 • 3 min read
LifeSight reaches £20bn in assets under management

LifeSight reaches £20bn in assets under management

WTW DC master trust says number of scheme members it manages has surpassed 400,000

Martin Richmond
clock 11 July 2024 • 1 min read
DC 'climate-friendly' investments up 23% in last three years

DC 'climate-friendly' investments up 23% in last three years

Barnett Waddingham finds at-retirement sustainability ‘lags behind’ growth

Jasmine Urquhart
clock 02 July 2024 • 5 min read
Trustpilot