Since the introduction of Freedom and Choice legislation, we have - - PowerPoint PPT Presentation

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YouGov and AllianceBernstein DC Member Survey

Since the introduction of Freedom and Choice legislation, we have conducted a DC member survey. This is refreshed every two years to ensure our DC default strategies are aligned with DC saver needs.

Past performance do not guarantee future results.

Following our first survey, we made important changes to our DC strategy with no cost or disruption to members and without months of delay

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No Surge in Lamborgini Sales Amongst the Decided

How Will You Use Your Savings at Retirement? (%)

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and Alliance Bernstein (AB).

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Do You Know When You Are Going to Retire? (%)

Members Still Don’t Know When They Are Going to Retire

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

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There is a Reliance on Pension Savings

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

What Will be Your Main Source of Income in Retirement? (%)

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When Do You Expect to Make a Decision About Your Savings?

Members Expect to Make a Decision Late

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

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How Important Is a Strategy that Is Flexible About when You Retire? (%)

Members Want the Strategy to Be Flexible

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

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How important is a strategy that is flexible about how you use your savings on retirement? (%)

Members Expect a Strategy That Allows For Flexible Use of Savings

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB. * Neither includes savers that never expect to fully retire (3% of 15%).

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Barriers for Savers

What barriers prevent you saving more into your DC pension? (%)

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

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Transparency of Performance

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

Are you interested in the growth of your DC Pension compared to other pensions available? Are you interested in the growth of your DC Pension?

Monitoring Savings Growth (%)

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Should Your Savings be Invested Sustainably? (%)

Responsible Investing

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB.

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Who Should be Responsible for Making Changes to Your Pension Investments*? (%)

Investment Oversight

As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB. *to reflect market events—e.g., Brexit, market volatility, etc.

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YouGov and AllianceBernstein DC Member Survey

With the findings from this latest survey, we are confident that our DC investment thinking remains aligned with members needs and behaviours.

Past performance do not guarantee future results.

AB’s DC investment strategies offer pension funds and their members flexibility, proactive portfolio management and greater transparency They offer a solution that’s practically effortless to implement and an easy way to ensure members benefit from the most innovative thinking in DC investment