decumulation

As the debate over alternatively secured pensions (Asp) seems to have gone ominously quiet, its good to know there are still people thinking outside the pensions box.

I was hoping any major developments in the pensions world would happen while I was away in Germany, so I could come back to work when all the hard stuff was over.

A default annuity option could be added to personal accounts as the government is switching its focus onto the decumulation phase of the retirement income system.

Reform of the decumulation period of retirement has been largely overlooked by the government, regulators and the savings industry as a way of encouraging saving, claims the Actuarial Profession.