Smart Pension and L&G to develop default retirement pathway

Victoria Tichá
clock • 2 min read

Smart Pension and Legal & General (L&G) have partnered to create a workplace pension retirement income product that will combine drawdown and annuities.

The default will be divided into four pots: drawdown, annuity, a ‘rainy day' pot of liquid savings, and an amount kept back for leaving an inheritance.  The providers will pay an income from the...

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