The IMA is the trade body for the UK's £3100 billion asset management industry. The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs. Our role is to represent the industry and promote high standards.
Date: Tuesday 11 March, 10am for 10.30am
Location: John Tudor Room, Methodist Central Hall
Speakers: Richard Saunders - Chief Executive, IMA
Jeannie Drake - Deputy General Secretary, Communication Workers Union
Chris Curry - Research Director, Pensions Policy Institute
Rachel Vahey - Head of Pensions Development, AEGON UK
Chair: Ann Rossiter - Director, SMF
Concern about income in retirement has moved up the political agenda and pensions are now a major area of public interest and concern. The Investment Management Association is unveling its new report “Enabling Choice for Retirement”. The IMA argues that while annuities have an important role to play in retirement income provision, now is the time for a more open debate about the options available for retirement income. The IMA hopes that “Enabling Choice in Retirement” will stimulate discussion across the financial sector and government and to that end the Social Market Foundation, with its established reputation for leading the field of think tanks in pensions research., is hosting the launch.
The first part of the paper challenges current Government policy and suggests that greater flexibility in regulatory structures could further stimulate innovation and open a range of options that many individuals may find more appropriate for them than the choice available in the current environment.
The second part, drawing on the research paper that will accompany the document, provides an overview of a number of income drawdown approaches. It explores the shape of potential income streams as well as the risks associated with them, and also quantifies the value of both the income streams and likely bequests. It argues that, depending on their circumstances and risk appetite, many individuals could benefit from an investment-linked approach, whether in combination with some form of longevity insurance or as a standalone drawdown product.
Attendance at the event is a must for all those working in the field and for all those at Westminster who recognise the crucial importance of pensions policy to the future well being of this country.
A buffet lunch will be provided.
For more information, please contact our events team.