Building on the Pension Freedoms: Guided Retirement Income Choices

The PLSA is calling for a new statutory obligation on pension schemes, designed according to appropriate governance standards, requiring them to provide helpful guidance and sign-posting to suitable products. Importantly, the PLSA-proposed framework allows product providers to build retirement income solutions that blend the best features of cash, drawdown and annuity products commonly used for retirement today. We believe this is the best way to give providers the confidence they need and savers the support they need.