Category: Decumulation
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The FCA is proposing to replace the existing pension projections framework for interactive digital tools, which was designed for static illustrations, with a new regime intended to support more flexible and personalised modelling. The aim is to allow providers to reflect different contribution patterns, retirement ages and ways of taking income, rather than presenting a…
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Economic inactivity among older people has risen in recent years, and pension flexibilities may be one contributing factor. The 2015 reforms created a financial bridge that makes it easier to leave work before State Pension age. Stopping work early used to mean relying on benefits or finding another source of income. With working-age benefits providing…
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In this interview, I talk to the inspirational Janette Weir of Ignition House about the work that companies are doing on flex first/fix later products to meet the Government’s upcoming requirements for schemes to offer default retirement income products. You can read her report (sponsored by Aviva/Age UK) for more info. PG: When did the…