She said schemes might, in these cases, need to help members to get the most out of the savings they did have.
Holliday said: “It might not mean income for life, it might mean what sort of income can you expect and then supporting members through that process.”
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“It may be about making an offer to a member they may want to tweak. “So between a complex choice and default there is a middle path - putting an offer and making it understandable and allowing them to engage with that.”
Samantha Downes is a freelance journalist.
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