FCA Retirement Outcomes Review - PLSA response

PLSA Response to the FCA Retirement Outcomes Review

The pensions sector needs to think carefully and quickly about the future of decumulation. In this response to the FCA’s interim report we run briefly through the challenges involved in the decumulation process. We then discuss how to combine a policy approach containing a default solution with a policy approach emphasising customer engagement. We see both approaches as necessary to the future of the decumulation market.