Default Reform: Preventing low incomes with an automatic income plan

James Lloyd

This discussion paper considers how policymakers can prevent low incomes among DC retirees.

Summary

Summary

This discussion paper considers how policymakers can prevent low incomes among DC retirees following the April 2015 ‘pension freedoms’ in light of international evidence from countries with ‘voluntary annuitisation’ frameworks and research on the financial capability of DC savers in the UK.

The published report is available at http://strategicsociety.org.uk/wp-content/uploads/2015/03/Default-Reform...

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