How can people be better helped to draw on their pension wealth in retirement?

Managing wealth in retirement has been described by a Nobel Prize-winning economist as the “nastiest, hardest problem in finance” due to the difficulty people face managing longevity and investment risks.

With the rise of "defined contribution" pensions in the private sector, "pension freedoms" which removed the requirement for most to purchase an annuity, and the decline of traditional "defined benefit" pensions, the challenges are only becoming starker.

At this online launch event, chaired by IFS Deputy Director Carl Emmerson,  IFS researchers Bee Boileau and Jonathan Cribb will present new analysis of the way in which defined contribution pension wealth is currently being accessed, how this is likely to change in future, and discuss policies to make it easier for people to draw appropriately on their private pension through retirement.

These presentations will be followed by a response from Paul Todd, Chief Operating Officer at NEST Invest.

This event is part of the Pensions Review - a review of the future of financial security in retirement, led by the Institute for Fiscal Studies, in partnership with the abrdn Financial Fairness Trust.