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RetirementFit - How we can help you to review your DC default

RetirementFit - How we can help you to review your DC default

Willis Towers Watson
Pages 2 Pages

Situation The 2014 UK Budget has introduced greater choice at retirement for members of a defined contribution (DC) scheme. However, the majority of DC investment default designs are based on the expectation that members will purchase an annuity at retirement, leading to increasing investment in bonds during the approach to retirement. One of our clients in the financial services sector wanted to review their default strategy to determine

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