Guaranteed income can be successfully integrated into UK guided retirement solutions without mandating annuitisation, latest research from Nuveen and the TIAA Institute reveals.
The research – Beyond Auto-enrolment: International Lessons for converting UK Retirement Savings into Lifetime Income, published today (16 September) – drew on research from some of the UK's largest pension schemes, alongside evidence from eleven countries, with particular focus on Switzerland, Chile and the US. The report found that defaults were becoming an increasingly important mechanism for helping members navigate complex decisions at retirement – adding that such integration could help boost the take-up of guaranteed income while preserving member choice through a clear and access...
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