Changes to DC pensions generate challenges for default options

Document type
Other
Corporate author(s)
Pensions Policy Institute
Publisher
Pensions Policy Institute
Date of publication
29 September 2016
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion, Older Adults
Collection
Social welfare
Material type
Reports

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This press release discusses the second edition of 'The Future Book: unravelling workplace pensions', a report that sets out available data on the Defined Contribution (DC) pension landscape, projections of the future aggregate value of DC assets, and commentary and analysis of current trends.

Changes occurring within the Defined Contribution (DC) pension world mean that, in future, retirees will be: living longer; entitled to the state pension later; more likely to reach retirement with DC savings; and, have greater flexibility of access to DC savings from age 55.

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