Retirement funding: analysis of retirement income patterns

mandag, 11 januar 2016

From April 2015, as part of the Coalition Government’s ‘Freedom and Choice’ reforms, UK citizens aged 55 and over have been allowed to access money they have saved into their pension in whatever way they want.

The Social Market Foundation (SMF) commissioned the PPI to undertake modelling of individuals, drawing on international examples of possible decumulation patterns. Representative individuals were then modelled and the potential outcomes under the different decumulation patterns assessed to identify possible risks.