Study on the performance and adequacy of pension decumulation practices in four EU countries : executive summary

The objective of this study is to look at pension decumulation from the perspective of consumers. Research generally focuses on pension accumulation practices from an industry perspective and less is known about consumers' choices. The objective of this study is to fill this gap. To do so, consumers' decumulation practices are analysed in four countries: the United Kingdom, the Netherlands, Poland and Germany. This study focuses on the decumulation products offered through Pillar II and Pillar III Defined Contributions schemes. In these schemes, consumers have to choose how to decumulate their pension pots.