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In this weeks episode we were lucky to grab a an interview with Pablo Antolin, Principal Economist Private Pension Unit Financial Affairs Division Directorate for Financial and Enterprise Affairs Organisation for Economic Cooperation and Development.
You can read the full detail of the 2016 pension outlook here
Key highlights were:
Pension arrangements in which benefits are linked to the value of assets accumulated are growing in importance; Growing individual responsibility heightens the need for financial advice and financial knowledge; Pension tax regimes provide incentives to save for retirement, but they have become overcomplicated and would benefit from simplification; Partial annuitisation is a key component to protect individuals against longevity risk; The UK has one of the most developed annuity markets but recent reforms have negatively affected them
In the interview we asked Pablo about his views on Annuities, financial education and the increasing importance of increasing engagement with members. It was fantastic to get his views on the current DC market.
The OECD website has the full report available to download and you can get your copy by visiting the OECD website
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