Analysis: the changing face of retirement

As workplace pension saving becomes the norm for millions – through auto-enrolment into mainly defined contribution set ups – the need for retirement advice is growing. The government expects 11 million people to be auto-enrolled into a workplace pension over the next four years. To start with contributions will be small and opt-out rates will take time to settle, but the shift to wide-scale use of “nudge economics” will see a growing need for both accumulation advice and at-retirement opportunities. But auto-enrolment is not the only shift in the retirement landscape of the UK. ...