Hitting the target

Hitting the target: delivering better retirement outcomes

The Hitting the Target project was set up by the PLSA in February 2017. The purpose is to assess the success of current UK policy and practices with regard to helping everyone achieve adequate outcomes in retirement, taking account of the range of assets which might be used to finance retirement, and to make proposals on how policy and practices should be changed in order to improve outcomes.

Consultation events 

Following the launch of #OpenPLSA (an initiative to make it easier for all of our members to be involved in our work) we are planning to run a number of events to feed into this consultation. The first event has just been confirmed and will take place in London on 13 December. On the day we will lead a number of roundtable / group discussions and explore how changes in policy, regulation and industry practices could improve retirement outcomes for future generations. 

Book now

More dates TBC, please keep an eye out for further announcements.

Consultation paper

The central proposal of this initial Consultation Paper, published on 10th October 2017, is that the UK should develop a set of ‘national retirement income targets’ which would help stimulate public debate on adequacy, help individuals plan for retirement, and act as a guide to public policy. The paper invites comments on the best way to construct such targets and includes research which indicates that the adoption of targets would be welcomed by the public.

The remainder of the paper sets out current, or new, PLSA proposals in areas that are key to enabling people to achieving better retirement outcomes. These cover pension contributions, property, working longer, governance, decumulation and engagement.