Guided retirement

Regulator says there is ‘broad consensus’ on direction of travel and urges schemes to act now

Guided retirement consultation, transfer regs consultation response, DWP fiduciary duty draft guidance

FRC looks for feedback on illustration assumptions and development of new standards

Consultation covers how default pensions should work in practice

Founder says PenFit platform designed to ‘make member voices heard’

Brian Henderson says understanding what matters to the individual in retirement is key

Latest research favours ‘flex and fix’ and R-CDC, not drawdown

Research finds annuitisation rates of 55% to 60% are possible without compulsion

Guidance will help schemes assess how ready they are for the framework

Institute’s report says segmentation will be central to the design of guided retirement solutions