Pensions - Articles - Comment on report on Auto-protection and auto-drawdown at 55

 Commenting on the report, Nigel Peaple, Deputy Director DC, Lifetime Savings and Research, Pension and Lifetime Savings Association said: "Michael Johnson's paper joins a growing consensus that retirees should not just be left to make complex financial decisions without support. His proposals for a simplified drawdown product on retirement backed up by a default annuity at age 80 deserves serious consideration. It will be important to support such an initiative with advice and free guidance. Good consumer outcomes are vital and we need to make sure that the path of least resistance leads to the stable retirement income retirees say they want.”