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

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. Following our first survey, we made important changes to our DC strategy with no cost or disruption to members and without months of delay Past performance do not guarantee future results. | 0

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). | 1

Members Still Don’t Know When They Are Going to Retire Do You Know When You 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. | 2

There is a Reliance on Pension Savings What Will be Your Main Source of Income in Retirement? (%) As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB. | 3

Members Expect to Make a Decision Late When Do You Expect to Make a Decision About Your 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. | 4

Members Want the Strategy to Be Flexible How Important Is a Strategy that Is Flexible About when You 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. | 5

Members Expect a Strategy That Allows For Flexible Use of Savings How important is a strategy that is flexible about how you use your savings on retirement? (%) 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%). | 6

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. | 7

Transparency of Performance Monitoring Savings Growth (%) Are you interested in the growth of your DC Pension? Are you interested in the growth of your DC Pension compared to other pensions available? As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB. | 8

Responsible Investing Should Your Savings be Invested Sustainably? (%) As of 31/7/18 Unweighted base: All GB employees with a defined contribution pension arranged through their employer (697) Source: YouGov and AB. | 9

Investment Oversight Who Should be Responsible for Making Changes to Your Pension Investments*? (%) 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. | 10

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. 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 Past performance do not guarantee future results. | 11