Pensions Institute warns against leaving savers to go it alone

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The decumulation phase of defined contribution (DC) pensions should be institutionalised to prevent savers from splashing their pots, the Pensions Institute (PI) has said.

A report from the PI described George Osborne's Budget decision to abolish mandatory annuitisation or drawdown for DC members as "risky". Professor David Blake (pictured) said: "The Chancellor h...

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