Majority of DC savers over 55 want automatic pension payments at retirement

Report finds 83% of savers would like to see savings pay an income from State Pension age

Martin Richmond
clock • 3 min read
Majority of DC savers over 55 want automatic pension payments at retirement

A majority of defined contribution (DC) savers over the age of 55 have said they would find it “helpful” if their DC scheme automatically paid them a pension when they reached retirement, research from Hymans Robertson shows.

The consultancy's paper, Designing decumulation defaults - remember the member, published today (13 March) revealed 75% of DC members over the age of 55 wanted to see automatic pension payments at ...

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Martin Richmond
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