Well-managed defaults key to ensure late decision-making majority are not penalised

Survey finds majority only make pension decisions one year or less before retirement

Jonathan Stapleton
clock • 1 min read
Well-managed defaults key to ensure late decision-making majority are not penalised

Late decision making by scheme members about retirement options mean a well-managed default strategy to and through retirement is crucial to ensure good outcomes, research by AllianceBernstein shows.

The asset manager's survey - conducted by YouGov among 2,566 adults in the final quarter of last year – found 63% of defined contribution (DC) members will make a decision about their pension only ...

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Jonathan Stapleton
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