Do UK DC Pension Savers Need a Lifetime Income Default?

28 July 2023

9 min read

The “Freedom and Choice” reforms of 2015 empowered UK DC savers to access their pension benefits with more flexibility than ever before—and created huge personal responsibility for individual DC members to choose wisely from complex options. What’s the best way to guide them?

Our research indicates DC members are mostly ill-equipped to cope with the complexities of pension investing and need help with their investments in retirement.

We think that, for the majority of DC savers—particularly those currently invested in default funds—the most promising solution will probably be a single default retirement journey from accumulation through decumulation.

Download Our PDF

The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.

About the Authors

This is a marketing communication. This information is provided by AllianceBernstein Limited, 60 London Wall, London, EC2M 5SJ. Registered in England, No. 2551144. AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA - Reference Number 147956). It is provided for informational purposes only and does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed are based on our internal forecasts and should not be relied upon as an indication of future market performance. The value of investments in any of the Funds can go down as well as up and investors may not get back the full amount invested. Past performance does not guarantee future results. This information is directed at Professional Clients only and is not intended for public use.