Roundtable: How Trustees can prepare for the Pension Schemes Bill: decumulation defaults
Roundtable: How Trustees can prepare for the Pension Schemes Bill: decumulation defaults
Roundtable hosted by Standard Life
The Pension Schemes Bill may well introduce the requirement for trust-based schemes to offer a default retirement income option – from early 2027.
So what does this mean in practice?
There are key differences in designing retirement income defaults, compared with accumulation investment defaults.
First, in retirement the default does not need to be the same for everyone. In fact, better solutions will be arrived at by providing different options to different cohorts of members.
Second, in retirement we believe the default should be the last resort: we should try to get people to engage first, with the default as a fallback option.
Our philosophy centres around ensuring that people consider the amount of guaranteed income that they need to cover essential spending, then using any further retirement savings for more flexible spending.
In this session we will discuss these and other challenges around DC decumulation, and how trustees can prepare for the changes.
If you are interested in joining this roundtable please fill out the form here.
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Fees
free for members and non-members -
3
speakers -
4 hour
of CPD -
In person
City of London
Event Details
THE BASICS
- Trustees and pension managers of large own trusts 1,000+ members or £500m+ in assets
- Single employer trusts
City of London – venue will be shared upon registration approval.
Speakers
Donna is passionate about improving the experience for members. Companies and members have more pensions, wider savings and benefits options than ever before, due to recent changes in pensions and advances in technology. Donna believes that these changes provide an opportunity to innovate and design new ways to engage people with their retirement savings. She loves listening to client, trustee, adviser and member feedback to ensure that Standard Life delivers experiences that truly meet their needs. All of this is centred on helping members towards better outcomes in retirement. Having joined Standard Life 25 years ago, Donna is a qualified actuary and has helped to design and deliver Standard Life’s Workplace developments for over 15 years. She is a regular at roundtable discussions, industry working groups and events, and loves to share ideas to help shape the future of retirement savings in the UK.
Thank you to Standard Life our roundtable sponsor
