Pensions - Articles - Beyond Drawdown

The webinar, attended by over 300 pension professionals, is part of the SPP’s weekly conference programme in September. Attendees were asked, “If it was your pension, which guided retirement solution would you prefer”

 

The polling results showed a clear preference for flexible and blended approaches to retirement income, rather than a traditional annuity-only solution. Retirement CDC also attracted significant support, with 11% choosing it on its own and a further 17% preferring to use it after a period of flexibility.

 

In contrast, traditional annuities were the least popular option, with just 3% selecting an annuity as their preferred solution. 

 

 

Sophia Singleton, SPP’s immediate past President, who chaired the event, said: “What’s particularly striking about this SPP polling is the breadth of solutions that pension professionals would choose for themselves. The results demonstrate a real appetite to look beyond traditional drawdown and consider how different approaches including Retirement CDC and various flex options, could work to provide better outcomes in retirement.”