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Curtailing Lump Sum Pension Payouts?
Pension Pulse Link to more items from this source
[Opinion]
July 14, 2015

"While lump sum payouts sound attractive, the truth is they place enormous pressure on individuals to invest the money wisely and even if they do, they still run the risk they or their loved ones will outlive these savings. In other words, lump-sum pension payouts are no substitute for defined-benefit pensions which provide steady and secure payouts for life. And while most companies have not offered lump sum pension payouts to their employees, the trend to de-risk pensions is clear, and it's important that regulators nip this trend in the bud as soon as possible."

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