Guaranteed retirement income must be 'default option for DC savers'

This was one of four policy recommendations put forward by the think tank in its Income Security and a Good Retirement research. Other recommendations include educating workers about the role secure income plays in a good retirement. This should also be covered in guidance and information from Pension Wise. The research analysed data for more than 2,000 retirees in England in receipt of a private pension and looked at the difference the level of guaranteed income had on people's experience of retirement. This included participation in leisure activities and life satisfaction. The a...