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Back to the drawing board : Decumulation guidance not working

Back to the drawing board : Decumulation guidance not working Pre-retirement guidance demand Three-quarters of pension scheme members want guidance before drawing down on their pension pot but current client options are not working , according to The People’s Pension. In a poll of 2,116 adults carried out by YouGov between 12 and 15 February, nearly four in ten told the master trust that they would be prepared to be guided towards a hybrid decumulation product, using. Sign In To read this story please register PA is dedicated to championing professional advisers. It helps you build your business, service clients and generate sustainable income.

How do we stop a generation from sleepwalking into retirement?

Watch: How do we stop a generation from sleepwalking into retirement? On 2nd March Prospect welcomed a stellar panel of speakers to discuss the future of savings and pensions in the UK. Bringing together experts from industry and parliament, we asked how can people save enough for their future during a time of uncertainty and what can be done by pensions providers and government to help people make the best possible choices for their retirement planning. Five years on from the introduction of Pension Freedoms, new research by The People’s Pension and State Street Global Advisors has shown that mature savers are sleepwalking into retirement. They risk running out of Defined Contribution pension savings and, with a third of their retirement still to come, could spend their later years reliant on the state pension.

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