Most trustees say their default investment strategies still assume members will annuitise when they retire despite expecting annuity sales to plummet.
Research from Intelligent Pensions found that 94% of schemes still target annuities, but trustees said on average they believe just one in three members will take this option. Trustees believe t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
