The retirement living standards must be widely adopted by schemes to help millions of savers truly understand how to achieve the retirement lifestyle they desire, says Nigel Peaple.
Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) says.
Nigel Peaple says the UK should learn from Australia and adopt national retirement income targets.
The Pensions and Lifetime Savings Association (PLSA) has proposed a number of reforms to boost pensions adequacy. Victoria Ticha looks at the recommendations.