Top three takeaways
1. Retirement income remains unsolved
2. Engagement and literacy are critical
3. Choice vs default
▪ Striking the right balance between offering strong defaults and meaningful member choice remains a central design challenge ▪ 39% of the participating funds rely on members to make active choices
▪ Improving member understanding is a top-five- year priority ▪ Regulatory structures, such as auto-enrolment and mandatory contributions, play a significant role in driving pension adequacy
▪ 60% flagged it as the top challenge for the next decade ▪ Decumulation needs innovation – peers are trialling hybrids, defaults and CDC models. Decumulation expectations vary by region
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