Decumulation reform overlooked by government

Submitting it’s response to the Pensions Commission report, the second paper from the Profession says the overwhelming majority of all thought on retirement saving are focused on the accumulation period, with reform of the decumulation process, or the spending of the savings, being largely ignored by the Pensions Commission. But the Profession claims the two areas are inextricably linked, because to encourage people to save they must be tempted by the prospect of attractive ways of spending their wealth. It claims the government, regulators and the savings industry have “missed a trick” ...