IA proposes measures to bolster retirement outcomes for pension savers
The Investment Association (IA) has published its ‘Investing for a Better Retirement’ paper, outlining a series of principles and four key recommendations designed to improve saver engagement with retirement choices and a stronger focus on retirement outcomes and calls for access to high-quality, sustainable retirement income solutions for UK savers. The paper emphasises that effective retirement income delivery should be flexible, inflation protected, tax efficient, future-proof, and value-for-money. It also addresses the significant challenge faced by retirees amid inflationary pressures and complex pension wealth decisions, noting that nearly 30% of non-advised defined contribution (DC) pension customers do not actively seek guidance, with an estimated 10 million individuals accessing pensions without advice.