What do post Freedom Day retirement savings illustrations need to look like?

Right now Statutory Money Purchase Illustrations (SMPIs) serve the specific purpose of illustrating the likely size of retirement income that will be generated given current pot size, continued contribution levels, projected investment growth (across a prescribed range of growth percentages) and the effect of charges on that pot. SMPIs are also fundamentally geared to an at-retirement world in which annuities are the dominant vehicle of generating regular income in retirement. SMPIs are not slated to be revised anytime soon but, for the majority of policy holders approaching retiremen...