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Pension freedoms demand a default option
There’s little evidence to suggest that workers with defined contribution pension pots have the financial savvy to make wise choices with their money.
Archive for March, 2015
Publications
Default Reform: Preventing low incomes with an automatic income plan
This discussion paper considers how policymakers can prevent low incomes among DC retirees following the April 2015 ‘pension freedoms’ in light of international evidence from countries with ‘voluntary annuitisation’ frameworks and research on the financial capability of DC savers in the UK.
Publications
Defined Capability: Pensions, financial capability and decision-making among retirees
The April 2015 ‘pension freedoms’ represent an historic change, breaking with the so-called ‘annuities deal’ that has provided the basis of UK pension policy since the Finance Act of 1921.