Decumulation dilemmas

Five years on, the industry is taking stock of whether the Pension Freedom reforms have fulfilled their promise for non-advised savers. But how has COVID-19 affected savers’ attitudes to retirement? And are the FCA’s Investment Pathways the solution to a lack of engagement, knowledge and confidence?

In new research, LGIM and NMG Consulting seek to understand the challenges now facing defined contribution (DC) pension scheme members aged 50+. In particular, we hone in on how the ‘squeezed savers’ of Generation X are handling planning decisions as they approach retirement – and whether the pensions industry is doing enough to alleviate the issues they face.


Research report

Our latest research finds that almost 60% of non-advised retirees have no clear plan for their retirement, with nearly the same ratio (56%) planning on staying invested in their default accumulation fund. So, what does freedom to choose at retirement really mean for prospective retirees?

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