Decumulation - Understanding the Needs of the Nation

What if you take away all the product labels and ask people what is important to them when it comes to funding their retirement and spending their pension savings?

In this podcast I'm joined by Pete Glancy one of the authors of the recent Scottish Widows report  into Decumulation - 61266.pdf (scottishwidows.co.uk) we review the fascinating findings, introduce the retirement decumulation cube and look at the guidance and advice people tell us they want at retirement.

 

We look at the 3 key drivers of retirement products -  Control, Consistency and Legacy and plot everything from Drawdown, to annuities and CDC in the Retirement Matrix