Open consultation Guided retirement policy consultation

Summary

The Guided Retirement policy aims to build on the success of automatic enrolment by reducing the need for individuals to make complex decisions when accessing their defined contribution pension savings. The framework would require schemes to offer well-designed default retirement income solutions that support members throughout retirement.

Consultation description

The author for this consultation is DWP. As such, all consultation information and related documents can be found on the on GOV.UK website

The consultation seeks views on the effectiveness, feasibility and practical implementation of the proposals, including the design and delivery of default pensions, transfers at the point of access, member communications, governance arrangements, implementation timescales, and compliance and enforcement requirements.