This SPP paper highlights a critical structural mismatch in the UK economy - UK retirees currently hold an estimated £3.84 trillion in housing wealth, yet face an aggregate annual retirement income deficit exceeding £48 billion.
Fragmented advice, separate regulatory regimes, and tax barriers like stamp duty prevent people from making holistic decisions about their wealth.
Tags: Housing, Investments, Pensions, Property, retirement, Savings, Wealth,
This thought leadership paper calls for the UK’s emerging Value for Money (VfM) framework to evolve into a practical tool that helps pension savers make better-informed decisions about their retirement savings.
Whilst welcoming the Government’s proposed VfM framework as a major step forward in improving transparency, accountability and standards across the pensions market, the paper argues that the current model is still primarily designed for trustees, regulators and governance bodies rather than the millions of individuals whose retirement outcomes depend on it.
Tags: FCA, Investments, pension, Pensions, regulation, Savings, SPP, value for money, VfM,