For many years, the savings industry has been solely concerned with accumulation but, writes Henry Cobbe, there is now also a real need to develop thinking on how to tackle the decumulation issue for savers
Two riveting holiday must-reads both happen to have been published in the last few weeks. The first is Damaged Goods, the story of Philip Green, Dominic Chappell et al on the plight of the BHS pensioners following the funding problems in their defined benefit (DB) pension scheme. The second is the Retirement Outcome Review published by the FCA, which is concerned with making sure customers are obtaining value from the pensions industry in the wake of the pensions freedom legislation introduced by George Osborne. I will leave you to decide which is the more exciting of the two. Still, ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes