Rules of thumb 'have place alongside' advice and guidance

clock

Developing rules of thumb could help members manage their defined contribution (DC) pots more effectively as they save for retirement, a report from the Pensions Policy Institute (PPI) has said.

Myths and rules of thumb in retirement income said taking 4% of income at retirement and being cautious about investing in a single asset class were two rules which could help people. The report's suggestions were presented at the State Street Global Advisors (SSGA) Defined Contribution Annual Conference. SSGA senior DC investment strategist Alistair Byrne said: "There is a tendency for people to say 'I will take my money out of my pension scheme and then I will think about what I want to do with it' but we would rather people plan and think what they are going to do before they take ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

We need to work together to tackle pension overconfidence

We need to work together to tackle pension overconfidence

'Clients may assume they're on the right track simply because they're paying into a pension'

Ahmed Bawa
clock 13 June 2025 • 4 min read
Pension freedoms have delivered flexibility in the last decade 'at a cost'

Pension freedoms have delivered flexibility in the last decade 'at a cost'

Consumers value choice but are aware of risk of running out of funds

Jasmine Urquhart
clock 12 June 2025 • 2 min read
Minister confirms second phase of Pensions Review due to launch 'shortly'

Minister confirms second phase of Pensions Review due to launch 'shortly'

Torsten Bell spells out ‘shared direction’ of pension reform

Jonathan Stapleton
clock 06 June 2025 • 2 min read