UK. Retirement guidance improving but decumulation challenges remain
Support available to those approaching retirement is improving, particularly in master trusts, but a comprehensive framework is still required to ensure all savers get the help they need, according to new research. The Pensions and Lifetime Savings Association created such a framework — known as guided retirement income choices — in 2019, which would require schemes and providers both to guide members through retirement, while also ensuring they have access to a full range of retirement solutions. Its new report, published...
