DC decumulation final recommendations

The Pensions and Lifetime Savings Association (PLSA) is calling for the establishment of a new regulatory framework to help savers with the complex decisions they face when choosing how to access their pension at retirement.

The recommendation is being made following a three month consultation which set out the PLSA’s vision for a new Defined Contribution (DC) Decumulation framework in July. Having received widespread support, the final framework published this week remains broadly unchanged, though some of the detail has been enhanced, refined, clarified and added to.

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