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Commenting on the government’s response to the Work and Pension Select Committee’s Pension Freedoms report, Dave Brown, director of strategy and innovation at The People’s Pension, said:
“While we recognise the diverse needs of people when they reach retirement and back proposals to better help people towards information and guidance, we must accept that there will still be a large number of retirees who aren’t engaged. For these people, there is a clear need for a guided pathway in retirement, and we, like many master trusts, are currently working on the details of product design to help our members live comfortably once they retire.”
ENDS