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ARTICLE · 20 NOVEMBER 2023

Regulator Chief Executive's Speech On Accessing DC Pensions

Norton Rose Fulbright Hong Kong
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On November 1, 2023, at the launch of a new PPI report, the Regulator published a speech in which Nausicaa Delfas reported on lessons the UK can take from other countries' approach to DC decumulation.

United KingdomEmployment and HR
Lesley Browning
Lesley Browning
Shane O'Reilly
Shane O'Reilly

On November 1, 2023, at the launch of a new PPI report, the Regulator published a speech in which Nausicaa Delfas reported on lessons the UK can take from other countries' approach to DC decumulation.

The Regulator set out five key principles to help shape the future of decumulation:

  • All savers deserve value for money: Schemes help savers to maximise the value of their pension savings into and throughout retirement.
  • All savers should be helped with decision-making: Savers are encouraged and supported to make key decisions in the years ahead and in preparation for decumulation.
  • Schemes should put the saver at the heart of decumulation: Schemes proactively help DC savers to mitigate the risks they face.

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