Guided Retirement, Value for Money, Targeted Support and pensions dashboards are changing how retirement support, defaults and propositions are designed.
The direction of travel is towards more active support, stronger defaults, clearer evidence of value and better customer journeys. That creates practical questions for trustees, providers and other professionals.
DWP says Guided Retirement will ensure the vast majority of people are offered default pensions designed to provide a sustainable pension income, without the individual needing to make complex decisions unless they choose to do so.
The Value for Money framework increases focus on the value delivered to savers and on identifying arrangements that need to improve.
Once people can see what they have more clearly, the next conversation is what matters to them in retirement.
The FCA targeted support regime allows ready-made suggestions for groups of consumers with common characteristics in defined circumstances.