DC decumulation - call for evidence

In a bid to address the problems of poor decision-making and poorer retirements, the Pensions and Lifetime Savings Association (PLSA) has opened a call for evidence on a proposal for a new solution designed to protect people who don’t engage with or fully understand the financial choices they face when they move towards semi- or full retirement.

The consultation seeks views on proposals to establish a new regulatory regime that will require pension schemes to support their members when making decisions about how to access their pensions – including by offering or signposting to products that meet minimum quality standards.

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