PPI submitted a consultation response to Retirement Outcomes Review: Investment pathways and other proposed changes to our rules and guidance in April 2019.

It explains that:

• Automatic enrolment in workplace pensions has vastly increased the numbers of people saving for retirement.
• Overall, engagement with pensions remains low, and people may not be in a position to make informed decisions about their pension pots.
• Pre-designed investment pathways represent an opportunity to solve this, but care needs to be taken to ensure that they work in the best interests of users.
• Investment pathways should work alongside other systems that can help people engage with their pensions, such as pensions dashboards.
• Automatic enrolment will see growing numbers of people with multiple pension pots in retirement, and investment pathways should be designed to allow people to maximise their pension outcomes.
• Investment pathways will not necessarily drive engagement, and could even serve to lessen it...

Reports