Centre for Policy on Ageing



Retirement roulette — a case study of consumer perspectives on the risks to retirement income
Corporate Author	National Consumer Council - NCC
Publisher	National Consumer Council - NCC, London, 2002
Pages	24 pp (PD 107/02)
Source	National Consumer Council, 20 Grosvenor Gardens, London SW1W 0DH. www.ncc.org.uk
Keywords	Income [older people] ; Pensions ; Consumer.
Annotation	Individuals are being asked to carry a greater responsibility in providing for their own retirement. Whilst people on modest incomes are being encouraged in the uptake of stakeholder pensions, employees in final salary schemes are being asked to change to defined contribution schemes. Both these policies expose individuals to greater risk of financial insecurity in retirement. This case study explores the risks faced by consumers in planning for income in retirement, and the fragmented nature of decision-making on risk. The study also illustrates the complex inter-relationship between risks, leading to fundamental questions as to who should bear risks. The report calls for a need for a more consumer-orientated holistic approach to pensions policy-making, together with improved risk governance of financial services and communicating risks to consumers. (RH).
Accession Number	CPA-030721208 B
Classmark	JF: JJ: WY
Data © Centre for Policy on Ageing

...from the Ageinfo database published by Centre for Policy on Ageing.