Pension decumulation: The elephant in the room

Auto-enrolment has driven many aspects of DC pension plans into the limelight for debate and modifications but the goal of turning DC savings into an adequate retirement income for retirees remains the elephant in the room. Auto-enrolment will continue to be at the forefront of news and discussions for some time to come, particularly when smaller employers, many of whom are totally unprepared, become affected by the new legislation. But let us not forget the thousands of DC scheme members who are retiring every month and are being poorly served for one of the biggest financial decisio...