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 ...

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

More on Defined Contribution

SPP calls for 'robust' safeguards on DC small pots consolidator

SPP calls for 'robust' safeguards on DC small pots consolidator

Trade body says consolidator model must be designed around member interests

Martin Richmond
clock 30 October 2026 • 3 min read
Partner Insight: From awareness to action – closing the retirement planning gap

Partner Insight: From awareness to action – closing the retirement planning gap

Many employees think about retirement. Far fewer take practical steps to prepare for it.

Royal London
clock 29 October 2026 • 5 min read
L&G takes on £2.45bn Royal Mail DC scheme in biggest master trust transfer to date

L&G takes on £2.45bn Royal Mail DC scheme in biggest master trust transfer to date

Completed transition sees 100,000 scheme members’ savings move into L&G Mastertrust

Alex Levy
clock 27 October 2026 • 2 min read
Trustpilot